๐จ $XRP P: Failed Recovery - Short Setup to Catch the Decline! ๐
Plan trade: Short ๐ด
Entry Zone: 1.91 - 1.93
Take profit:
๐ฏ TP1: 1.87
๐ฏ TP2: 1.84
๐ฏ TP3: 1.81
Stop loss: 1.955
XRPUSDT
Perp
1.8868
-1.19%
๐ฅ Technical Analysis:
On the H4 chart, $XRP is in a clear downtrend. Recovery efforts were rejected at the EMA resistance zone (around $1.95 - $1.96). Price is trading below short-term EMAs on the 15m chart, confirming seller control. RSI remains below 50, indicating persistent bearish momentum.