š $XRP ā High-Conviction Short Trade Setup (Bear Bias)
$XRP recently attempted a bounce from 1.9740, but the move lacks strength. The candles show weak follow-through, and buyers are failing to break above the 2.055ā2.086 resistance band. This entire structure looks like a lower-high formation, which is a bearish continuation pattern.
Technical Analysis
XRP is still in a downtrend on the 1H, making lower highs consistently.
Volume dropped sharply after the bounce ā weak buyer interest.
RSI and MACD both show bearish divergence on lower timeframes.
Current candles are losing momentum, indicating exhaustion at resistance.
Sentimental Analysis
Social sentiment is neutral to slightly bullish after the bounce ā which is actually ideal for bears.
Traders are expecting continuation upward, but liquidity is sitting below, making it a prime short trap for weak longs.
No major bullish catalysts; sentiment is fragile and easy to break down.
Fundamental Perspective
XRP fundamentals remain unchanged ā no major news, no strong driver to justify a sustained pump.
Market-wide macro sentiment is mixed, and XRP tends to dump harder during uncertainty.
Combined, all three analyses point to bearish continuation.
Key Levels
Resistance Zones:
2.055 ā 2.086
2.109 ā 2.116
Support Zones:
1.995 ā 2.000
1.955 ā 1.970
Short Trade Plan
Short Entries:
2.035
2.055
Take Profit Targets:
ā¢ TP1: 100%
ā¢ TP2: 200%
ā¢ TP3: 300%
Stop Loss:
ā¢ 2.118
Bear View Summary:
$XRP is forming a classic bearish retest structure with weak momentum and heavy resistance overhead. Unless XRP breaks above 2.12, this remains a pure short setup ā no long signal at all.
More setups coming. Stay sharp, Bears. š»š„
