๐จ $XRP | Rejection at Resistance โ Short Setup Playing Out Beautifully
$XRP has been decisively rejected at the key resistance zone 1.385 โ 1.400 and has broken below the bearish confirmation level of 1.375. Price is now consolidating around the 1.37 area with clear downward momentum.
Current Price: ~1.3740โ1.3750
Bias: Strongly Bearish on lower timeframes
Original Short Setup (Still Active):
Entry Zone: 1.385 โ 1.400 (re-entry on any retest)
Invalidation / Stop Loss: 1.415
Take Profit Levels:
โข TP1: 1.360
โข TP2: 1.340
โข TP3: 1.315
Technical Confirmation:
Supertrend flipped bearish on multiple timeframes
Price trading below key moving averages
Momentum indicators (MACD, RSI) showing sustained selling pressure
Volume profile supports lower targets
The structure remains heavily bearish as long as we stay below 1.385โ1.400. Any bounce toward that zone could offer fresh short entries with excellent risk-reward.
Trade with proper risk management. This is not financial adviceโalways do your own research and trade only what you can afford to lose.
#XRP #Ripple #XRPArmy #Crypto #Altseason
