$XRP Trapped in Noise – Don't FOMO Yet! 🚨
Entry: Around $1.86–$1.88SL: Above $1.90TP1: $1.873TP2: $1.833mTP3: $1.826Technical analysis reveals a bearish market structure on the 1H timeframe. Price hasn’t reclaimed key resistance, meaning the primary trend remains down. The $1.89–$1.90 area is acting as strong resistance, consistently creating lower highs and rejecting upward movement. 📉 Expect further downside pressure towards lower liquidity zones before any significant reaction.
Invalidation levels: A strong candle close *and* hold above $1.89–$1.90 with clear bullish reversal signals (engulfing pattern/structure shift) would suggest considering a Long position targeting $1.906 → $1.947. Until then, prioritize Shorts aligned with the dominant trend.
The market is currently filtering out weak hands – patience and confirmation are key. No confirmation = no entry.
#XRP #CryptoTrading #TechnicalAnalysis #Altcoins 🐻
