$XRP Loses Key Support โ Short Setup Activated ๐ป
Short Trade Signal (Scalping):
Sell Zone: 2.045 โ 2.065
TP1: 1.990
TP2: 1.968
TP3: 1.932
SL: 2.110
Leverage: 20โ40x (risk 1โ2%)
Open Trade in Future๐๐ป
Spot Traders: Fresh spot buying only becomes attractive near the 1.90โ1.88 support zone. Holding from higher? Reducing exposure is safer.
Why This Trade:
$XRP broke below an important support at 2.05, which has now flipped into resistance on both 1H and 1D charts. The structure clearly shows lower highs and lower lows, aligning with a bearish continuation pattern. The next major support zones are 1.99 and 1.94, while strong resistance sits at 2.06โ2.10, where repeated rejections confirm seller dominance.
Volume remains weak on bounces and stronger on red candles, signaling active distribution. Trend-wise, all key EMAs slope downward, and XRP continues trading below the mid-band on the daily chart โ a sign of sustained bearish momentum. Sentiment also cooled across the broader market after $BTC slipped, dragging major alts like XRP with it. Fundamentally, thereโs no positive catalyst at the moment, while liquidation data shows more long positions being wiped out, increasing the probability of another leg down.
Market structure, momentum, and sentiment all align for continuation on the downside. If youโre not following Token Talk, youโre definitely missing the real moves.