$XRP — bearish breakdown with weak recovery structure
Sharp sell-off from local highs confirmed momentum shift as buyers failed to defend key intraday support. Relief bounces remain shallow while price continues printing lower highs beneath resistance.
Entry: 1.3715 - 1.3750
SL: 1.3825
TP1: 1.3650
TP2: 1.3580
TP3: 1.3500
Selling pressure remains dominant after breakdown candle expansion. Unless bulls reclaim 1.38 quickly, downside continuation stays favored.
Sharp sell-off from local highs confirmed momentum shift as buyers failed to defend key intraday support. Relief bounces remain shallow while price continues printing lower highs beneath resistance.
Entry: 1.3715 - 1.3750
SL: 1.3825
TP1: 1.3650
TP2: 1.3580
TP3: 1.3500
Selling pressure remains dominant after breakdown candle expansion. Unless bulls reclaim 1.38 quickly, downside continuation stays favored.