๐ด XRP / Ripple โ Sell the Rally Setup
๐ Market Structure:
Price continues to print lower highs on the 45m, confirming a bearish structure. XRP is trading below EMA99, and the recent bounce from 1.50 shows weak acceptance. Multiple rejections near EMA25 clearly signal ongoing distribution.
๐ฏ Trade Bias: SHORT
๐ Entry Zone:
๐ 1.62 โ 1.66 (sell into resistance)
๐ Stop-Loss:
โ 1.72
๐ฏ Take Profit Targets:
TP1: 1.56
TP2: 1.50
TP3: 1.42
๐ง Technical View:
Price capped below 1.66 & EMA99
Bounce lacks strength โ sellers remain in control
Structure favors downside continuation toward range lows
This is a corrective fade inside a bearish trend
โ ๏ธ Trading Rule:
Risk first. No longs inside resistance.
Until XRP reclaims EMA99 with acceptance, shorts remain favored.
๐ Trade smart. Trade disciplined.
