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XRPUSDT – Breakdown Retest Failing | Short Setup Dominates
XRP is trading around $1.92 after breaking down from the key support level near $2.13. The bounce attempt is weak, price is unable to reclaim the breakdown zone, and sellers are showing strong presence on every push toward $2.00–$2.10.
VPVR also shows heavy supply above $2.10, confirming strong resistance overhead. Until price reclaims $2.13, the market structure remains bearish.
Trade Plan (Short Setup)
Entry (Short): $1.96 – $2.02 (accumulate on minor push-ups)
XRP is forming a clear bearish retest after losing a major support area. No strong buyer reaction, no bullish momentum, and the order book shows heavy sell pressure as price moves upward. VPVR indicates strong volume resistance between $2.10–$2.25, making upside breakouts unlikely for now.
As long as XRP stays below $2.13, continuation to the downside remains the most probable scenario.
Bias: Bearish below $2.13 Strength of setup: High
Disclaimer
This analysis is for educational purposes only. Not financial advice. Always trade with proper risk management.
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