$XRP is showing strong bearish momentum on the 30-minute chart after facing a sharp rejection near the 1.65 resistance zone. This rejection marked a local top and initiated a sustained downside move.

Following the peak, price formed a clear sequence of lower highs and lower lows, confirming a bearish market structure. The breakdown below the 1.52 support area accelerated selling pressure, leading to continued weakness toward the current zone.

Recent candles show weak recovery attempts, indicating that buyers are unable to regain control. As long as price remains below the 1.50–1.52 resistance region, downside continuation is likely.

The overall structure favors short positions toward lower liquidity and demand zones.

Trade Setup

Entry Range: 1.45 – 1.48

Target 1: 1.42

Target 2: 1.39

Target 3: 1.35

Stop Loss: 1.53

#PEPEBrokeThroughDowntrendLine #TradeCryptosOnX #MarketRebound #CPIWatch