Rejection building near resistance… sellers stepping in.
$XRP /USDT – SHORT
Trade Plan
Entry: $1.42 – $1.45
SL: $1.47
TP1: $1.39
TP2: $1.34
TP3: $1.30 (if breakdown expands)
Why This Setup?
4H Structure: XRP is struggling to break above $1.4626 and starting to print lower highs — early sign of bearish pressure taking control.
Price Positioning: Trading just below resistance with weak follow-through. Any push toward $1.45–$1.46 zone is likely to face selling pressure again.
Daily Context: Higher timeframe shows slowing momentum. Without a strong breakout, this leans toward a corrective move rather than continuation.
Volume Behavior: Reduced buying strength near highs suggests lack of demand — possible distribution phase.
Key Levels: $1.3909 is immediate support. A break below this can open downside toward deeper liquidity zones around $1.34 and below.
As long as $1.4626 is not reclaimed, bearish pressure remains intact.
Debate:
Is this just a pullback before another push higher…
Or the start of a deeper correction from resistance?
Trade $XRP here 👇
