๐ $XRP SHORT SETUP: Rejection at Resistance!
๐ TRADING PLAN (SHORT):
Entry Zone: 1.42 โ 1.45 ๐ฅ
Stop Loss (SL): 1.52 ๐
Take Profit 1 (TP1): 1.32 ๐ฏ
Take Profit 2 (TP2): 1.25 ๐ฏ
Take Profit 3 (TP3): 1.18 ๐ฏ
๐ MARKET ANALYSIS:
$XRP is currently testing intraday resistance, but there is a clear lack of momentum from buyers. There is heavy supply in the 1.44โ1.45 zone. If rejection occurs from here, the price may rotate downwards and touch its previous support zones.
๐ Note: If the price closes above 1.52, this bearish setup will be invalid (cancelled).
๐ก PRO TIPS:
Wait for a rejection candle (Wick) at resistance.
After hitting TP1, move your SL to entry price.
Avoid over-leveraging; risk management is essential.
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Will XRP break down from here or cross 1.50? Share your thoughts below! ๐
#XRP #CryptoTrading #TechnicalAnalysis #ShortSetup #XRPUpdate
