$XRP /USDT โ BEARISH REVERSAL SETUP ๐
Timeframe: 15M โ 1H
Market Structure:
XRP has made a strong push into the 1.90โ1.91 resistance zone and is now showing rejection wicks and loss of momentum. Price is moving sideways after an impulsive leg, suggesting a potential bearish pullback / short-term reversal from supply.
๐ด Short Entry
1.89 โ 1.91 (retest of resistance)
Aggressive entry on rejection below 1.88
๐ Stop Loss
1.93 (above supply & invalidation)
๐ฏ Targets
TP1: 1.86
TP2: 1.83
TP3: 1.78
๐ Key Levels
Major Resistance: 1.90 โ 1.93
Minor Resistance: 1.88 โ 1.89
Support: 1.86
Major Support: 1.83 โ 1.78
Trade Plan:
As long as XRP stays below 1.91, bearish pressure remains active. Take partial profits at TP1 and trail stop to breakeven.
