#xrp
Failure to hold above 2.06 led to its return below the midpoint (2.0115). This confirms the weakness of the upward momentum and the dominance of sellers currently.
The market maker is now focusing on testing the lower support (1.9637). A break and hold below 1.9637 is the critical signal to confirm a new downward wave.
It must return and stabilize above 2.0115 to cancel the near-term bearish scenario.
Trade: Sell XRP - Good entry (short)
Entry: 2.0115 (pivot point) - in case it touches and fails to break it.
Stop loss: 2.0250
Market maker target: Quick profit taking and returning to pressure.
First target: 1.9945 (current price)
Second target: 1.9637 (lower bound)
XRPUSDT
Perp
2.0366
+0.13%