$BTC
Based on the chart, XRP is trading around $1.33
24h change: -6% 🔻
Market structure shows a strong bearish breakdown similar to ETH & BNB.
Current Market Condition
Large red dump candle.
Price broke below $1.40 support.
Momentum is clearly bearish.
Small bounce visible, but no confirmed reversal yet.
Key Levels
Support Zones:
$1.30 (current reaction zone)
$1.25
$1.20 (strong psychological level)
Resistance Zones:
$1.38 – $1.40 (major resistance now)
$1.45
Trading Strategy (Intraday)
Short Setup (Trend Following – Safer)
Entry: Pullback to $1.37 – $1.40 with rejection
Targets: $1.30 → $1.25
Stop Loss: Above $1.42
Counter Trend Long (Higher Risk)
Entry: Strong bounce from $1.25 – $1.30 with volume confirmation
Targets: $1.38
Stop Loss: Below $1.23
Important
Market momentum still bearish.
Avoid catching falling knives.
Wait for proper confirmation (candle close + volume).
Risk only 1–3% per trade.
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