$XRP is showing clear bearish continuation after a strong rejection from the recent high. Price is respecting a descending channel, with lower highs and lower lows confirming weakening buyer strength. The breakdown from the intraday structure signals ongoing distribution rather than accumulation.

Momentum remains bearish as long as price stays below the descending resistance. Any bounce into the channel top is likely to be a sell-the-rally opportunity.

Trade Setup (SHORT)

Entry: 1.95 – 2.02

Target 1: 1.88

Target 2: 1.82

Target 3: 1.75

Stop Loss: 2.12

Click below to take the trade

XRP

1.915

-0.36%