$XRP is approaching a major supply zone where sellers could step back in and trigger another leg down.
Trading Plan – Short $XRP
Entry: 1.09 – 1.19
SL: 1.25
TP1: 1.05
TP2: 1.00
TP3: 0.95
The recent bounce has pushed price back into a strong resistance area that previously rejected buyers. For now, the recovery still looks corrective within the broader bearish structure. If bulls fail to reclaim and hold above this supply zone, a sharp rejection could send price toward the liquidity resting below the recent swing lows.
Stay patient, manage your risk, and wait for confirmation before entering.
DYOR (Do Your Own Research).
Trading Plan – Short $XRP
Entry: 1.09 – 1.19
SL: 1.25
TP1: 1.05
TP2: 1.00
TP3: 0.95
The recent bounce has pushed price back into a strong resistance area that previously rejected buyers. For now, the recovery still looks corrective within the broader bearish structure. If bulls fail to reclaim and hold above this supply zone, a sharp rejection could send price toward the liquidity resting below the recent swing lows.
Stay patient, manage your risk, and wait for confirmation before entering.
DYOR (Do Your Own Research).