**Market Update: XRP Price Action**

The price of XRP has encountered a significant rejection near the 1.99 supply zone, resulting in a sharp upper wick and a close below the EMA 99 📉

The compression of EMAs and weak follow-through suggest a loss of bullish momentum, potentially leading to a range breakdown to the downside.

**Trade Recommendation:**

* Short-selling opportunity: 1.930 - 1.960
* Target Prices:
+ TP1: 1.895
+ TP2: 1.860
+ TP3: 1.820

**Risk Management:** 🛑 Stop Loss at 2.010

**Trade Bias:**

A bearish bias is favored while the price remains below the 1.96-1.99 resistance zone 📊

**Reclaiming Ground:** A strong reclaim with volume above this resistance zone would be required to validate an upside move ⬆️

**Trade XRP on Binance Square 👇 **

#XRP #Bearish #Rejection