🔵 $XRP Trade – Breakdown & Weak Bounce (15m)
$XRP has confirmed a bearish breakdown below the 1.376 support and is now consolidating near 1.36 after sweeping liquidity at 1.358. The structure remains clearly bearish with price trading below all major EMAs.
📊 Market Structure (15m)
• Lower highs & lower lows intact
• Strong breakdown below 1.376 support
• Price trading below EMA 7 / 25 / 99
• Weak bounce with declining momentum
• Sellers still in control
📌 Key Levels
• Resistance: 1.375 – 1.385
• Immediate Support: 1.358
• Next Support: 1.340
🎯 Trade Setup (Higher Probability)
🔴 Short Entry: 1.372 – 1.378
🔴 Stop Loss: 1.392
🎯 Take Profit: 1.350
🧠 Reasoning:
Breakdown structure + EMA alignment bearish. Current consolidation looks like a bear flag forming under previous support (now resistance). Until XRP reclaims 1.385 with strength, rallies are likely to get sold.
⚠️ Setup invalid if 15m candle closes above 1.392
💬 Bear flag continuation or surprise reclaim? Share your view 👇
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