XRPUSDT

Perp

1.4696

-3.52%

🔵 $XRP Trade – Breakdown & Weak Bounce (15m)

$XRP has confirmed a bearish breakdown below the 1.376 support and is now consolidating near 1.36 after sweeping liquidity at 1.358. The structure remains clearly bearish with price trading below all major EMAs.

📊 Market Structure (15m)

• Lower highs & lower lows intact

• Strong breakdown below 1.376 support

• Price trading below EMA 7 / 25 / 99

• Weak bounce with declining momentum

• Sellers still in control

📌 Key Levels

• Resistance: 1.375 – 1.385

• Immediate Support: 1.358

• Next Support: 1.340

🎯 Trade Setup (Higher Probability)

🔴 Short Entry: 1.372 – 1.378

🔴 Stop Loss: 1.392

🎯 Take Profit: 1.350

🧠 Reasoning:

Breakdown structure + EMA alignment bearish. Current consolidation looks like a bear flag forming under previous support (now resistance). Until XRP reclaims 1.385 with strength, rallies are likely to get sold.

⚠️ Setup invalid if 15m candle closes above 1.392

💬 Bear flag continuation or surprise reclaim? Share your view 👇

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