$XRP /USDT – Bearish Reversal Likely After Local Top
Market Structure & Context:
XRP/USDT pushed higher into the 2.04–2.05 resistance zone but failed to sustain the breakout. After the impulsive move up, price started ranging with lower highs, showing loss of bullish momentum. The current structure suggests distribution near resistance, increasing the probability of a short-term bearish reversal / corrective move.
Trade Setup (Bearish Bias)
Entry Range:
2.03 – 2.05 (sell on rejection / bearish confirmation)
Targets:
Target 1: 2.00
Target 2: 1.97
Target 3: 1.94
Stop Loss (SL):
2.08 (above resistance & invalidation zone)
Short Outlook:
As long as XRP remains below the 2.05–2.08 supply zone, upside continuation looks weak. The sideways consolidation after the push up fits a post-pump distribution phase, where price often revisits lower liquidity zones around 2.00 and below. A strong reclaim and hold above 2.08 would invalidate this bearish view; otherwise, downside continuation is favored.
