đ XRP Price Update & Short-Term Trading Strategy
$XRP XRP is currently trading around $1.41, down 2.5% in the last 24 hours, with price moving inside a $1.40 â $1.46 daily range. The short-term structure shows bearish pressure, but a key support level is now in play.
đ Market Structure
Resistance: $1.45 â $1.46
Current zone: $1.41 â $1.42
Major support: $1.40
The chart is forming lower highs and lower lows, indicating a short-term downtrend. However, $1.40 remains a critical level to watch for a potential bounce or breakdown.
đą Scenario 1: Support Bounce (Intraday / Scalping)
If $1.40 holds with buying volume:
Buy zone: $1.395 â $1.405
Stop loss: $1.38
Target 1: $1.43
Target 2: $1.45
A strong reaction from this zone could trigger a short-term relief bounce.
đŽ Scenario 2: Breakdown Trade (Bearish Continuation)
If XRP closes below $1.39 on lower timeframes:
Sell / Short below: $1.39
Stop loss: $1.415
Target 1: $1.35
Target 2: $1.30
This would confirm further downside momentum.
đĄ Scenario 3: Swing Accumulation (Spot Holders)
For long-term spot traders:
Accumulation zone: $1.30 â $1.35
Invalidation: Below $1.25
Mid-term target: $1.60 â $1.80
đ§ Key Notes
XRP tends to follow Bitcoin volatility closely.
A confirmed close above $1.45 could signal trend reversal.
Risk management is key â wait for confirmation, avoid overtrading.
đ This is not financial advice. Always manage risk and trade responsibly.
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