$XRP Stabilizing After Pullback — Bounce Facing Resistance
Short Trade Signal (Scalping):
Entry: 1.88 – 1.92
TP1: 1.85
TP2: 1.82
TP3: 1.77
SL: 1.96
Leverage: 20x–100x (risk-managed)
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Spot Traders:
Spot buyers should stay cautious here. $XRP is still trading below major resistance levels. Better spot accumulation zones remain closer to 1.75–1.68 if price revisits deeper support.
Why This Trade:
XRP bounced from the 1.77 demand zone and showed short-term stabilization, but the move higher is losing strength near the 1.88–1.92 area. This zone has repeatedly acted as a rejection level, with sellers stepping in quickly after each push.
On the higher timeframe, XRP remains under key resistance and long-term averages. The recent bounce appears corrective rather than a confirmed trend reversal, especially while price struggles to hold above the mid-range levels.
As long as $XRP remains capped below the 1.92–1.96 zone, downside continuation toward lower support remains a valid scenario.
Support Zones:
• 1.85 – 1.82 (intraday support)
• 1.77 – 1.70 (major structure support)
Resistance Zones:
• 1.88 – 1.92 (local supply)
• 1.96 – 2.05 (major rejection zone)
Stay patient, manage risk properly, and secure profits step by step as targets hit.