🚨 $XRP Loses Key Support — Short Setup Activated 🔻

Scalp Short Setup (Futures):

Sell Zone: 2.045 – 2.065

TP1: 1.990

TP2: 1.968

TP3: 1.932

SL: 2.110

Leverage: 20–40x (Risk 1–2%)

Pair: XRPUSDT Perp

Current Price: 2.0016 (-3.71%)

Spot Traders: Fresh spot entries only look good around 1.90–1.88.

If you’re holding higher, reducing exposure is the safer play.

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🔍 Why I’m Taking This Short:

$XRP cleanly broke below the 2.05 key support, flipping it into resistance on both the 1H and 1D. Structure is bearish with lower highs + lower lows, and the chart is pointing toward a continuation setup.

Major supports sit at 1.99 and 1.94, while strong rejection zones at 2.06–2.10 show sellers fully in control.

Volume confirms it: weak on bounces, strong on dumps — classic distribution. All major EMAs are pointing down, and price sits below the daily mid-band, showing clear bearish momentum.

Market sentiment cooled after $BTC slipped, dragging majors with it. With no bullish catalyst for XRP and long liquidations stacking up, probability for another leg down is high.

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🔥 Market structure + momentum + sentiment = Downside continuation.

If you’re not locked in with Token Talk, you’re missing the real plays.

#XRP #USGDPDataOnChain