Breakdown is still not fully confirmed, but XRP is sitting right on a key support line where the next move will decide direction.
$XRP / USDT – SHORT
Trade Plan
Entry: $1.4180 – $1.4240
SL: $1.4550
TP1: $1.3900
TP2: $1.3720
TP3: $1.3500 (if breakdown accelerates)
Why This Setup?
4H Structure: Price is struggling below resistance at $1.4622, forming lower highs with repeated rejection attempts. MA(99) at $1.4000 is acting as the final defense for bulls.
Price Positioning: XRP is currently hovering just above support, which makes this a decision zone. Losing $1.40 would likely trigger a clean liquidity sweep toward lower levels.
Trend Context: Bearish structure remains intact on 4H with sellers controlling each push into resistance.
Volume Behavior: Recent movement shows weaker upside reactions and more consistent sell pressure near resistance, suggesting distribution rather than accumulation.
As long as price stays below $1.435–$1.440, downside pressure remains dominant with potential expansion toward $1.37 and lower liquidity zones.
Debate:
Is XRP coiling for a breakout back toward $1.50+…
Or is $1.40 about to break and confirm the next bearish leg?
Trade $XRP here 👇
