📉 $XRP /USDT / Ripple Update

XRP has seen a sharp rejection from the 1.91 expansion high, now moving into short-term distribution. The current structure favors a 'sell-the-rally' approach over attempting to bottom-pick.

Trading Plan — SHORT 🔽
Entry: 1.86 – 1.89
SL: 1.93 (Above failed expansion high & clear supply acceptance)
TPs: 1.82 → 1.78 → 1.72

Technical Outlook:
The impulsive push into 1.91 lacked follow-through and was immediately met with aggressive supply. This resulted in a clear lower high and persistent downside pressure.

Subsequent candles show weak bounces and poor demand response, confirming control has shifted back to sellers. Intraday market structure has flipped bearish, with rallies being sold rather than defended.

This thesis remains valid as long as price accepts below the 1.89–1.91 supply region. A decisive 4H close above 1.93 would invalidate the distribution narrative, signaling sellers have lost control and requiring a full reassessment.

Risk is clearly defined and asymmetric. Until buyers can reclaim structure with acceptance, upside moves are strictly treated as opportunities to fade, not as confirmation to pursue long positions.

Trade XRP on Binance 👇

#XRP #Ripple #PriceAction
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