$XRP — sharp bearish breakdown after failing to sustain VWAP support.

Short $XRP

Entry: 1.6185 – 1.6350

Stop Loss: 1.6910

Take Profits:

TP1: 1.6050

TP2: 1.5820

TP3: 1.5500

Rationale:

The price has experienced a significant vertical drop on the 5m and 15m timeframes, slicing through previous consolidation zones. On the 1-hour chart, $XRP is trading well below the VWAP, confirming a strong bearish trend with no signs of immediate buyer absorption. The RCI on the 15m chart is attempting to bounce from oversold levels, which provides an ideal entry for a trend continuation short as it hits overhead resistance. Targets are set toward psychological support levels and previous swing lows. If the price reclaims 1.6910, the bearish structure is invalidated.

Manage risk.

XRP
XRPUSDT
1.6112
+1.34%