$XRP (Update) — All targets reached as price hits extreme oversold levels.

$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.

{future}(XRPUSDT)