📉 $XRP
Bears Tighten Their Grip at the Top
$XRP is showing clear signs of exhaustion after a heavy rejection from its recent highs. The technical structure has shifted, printing a series of lower highs while massive supply sits overhead.
We just saw a classic liquidity sweep above the 1.40 level, followed by a sharp rejection—a textbook signal that distribution is happening at the highs. With weak relief bounces and sellers maintaining pressure, we are likely heading for a deeper dive into lower liquidity zones.
🐻 The Short Setup: $XRP/USDT
⚡️ Entry Point (EP): 1.375 – 1.395
🚫 Stop Loss (SL): 1.410 (Protect your capital!)
🎯 Take Profit Targets:
TP1: 1.350 (Immediate Support)
TP2: 1.330 (Structural Demand)
TP3: 1.300 (Psychological Floor 🚨)
🔍 Market Insight:
The rejection from 1.40 confirms that the bulls have run out of steam for now. Unless we see a strong daily close back above 1.41, the path of least resistance remains to the downside. Stay disciplined and manage your risk!
Is this the start of a major correction, or just a healthy pullback? Sound off in the comments! 👇
Author: Nabiha Noor
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