XRP/USDT Quick Setup

Analysis:

Heavy downtrend from $1.5496 to 1.1612 due to strong selling pressure (58.65% Asks vs. 41.35% Bids). Old support at $1.2102 is now resistance.

Strategy: Wait for a bullish engulfing or hammer confirmation to defend the local support at 1.1407.

Entry:$1.1550 – $1.1650 (after bounce confirmation)

Stop Loss (SL):* Below $1.1350

Take Profit (TP):$1.2100(TP1) | $1.2600 (TP2)