🔴 XRP / Ripple – Sell the Rally Setup
📊 Market Structure:
Price continues to print lower highs on the 45m, confirming a bearish structure. XRP is trading below EMA99, and the recent bounce from 1.50 shows weak acceptance. Multiple rejections near EMA25 clearly signal ongoing distribution.
🎯 Trade Bias: SHORT
📍 Entry Zone:
👉 1.62 – 1.66 (sell into resistance)
🛑 Stop-Loss:
❌ 1.72
🎯 Take Profit Targets:
TP1: 1.56
TP2: 1.50
TP3: 1.42
🧠 Technical View:
Price capped below 1.66 & EMA99
Bounce lacks strength → sellers remain in control
Structure favors downside continuation toward range lows
This is a corrective fade inside a bearish trend
⚠️ Trading Rule:
Risk first. No longs inside resistance.
Until XRP reclaims EMA99 with acceptance, shorts remain favored.
📉 Trade smart. Trade disciplined.
XRPUSDT
Perp
1.6383
+2.34%
BTCUSDT
Perp
78,075.7
+0.53%