$XRP /USDT short trade signal 🚦 🛑
BEARISH MOVE EXPECTED FROM RESISTANCE REJECTION!
Price action on the chart shows $XRP testing and rejecting a key horizontal resistance near 2.1663 – 2.1695. After a strong upward push, the market failed to break above this zone and formed a bearish rejection, indicating a likely short-term reversal. A minor retest of the broken level is expected before the downtrend continues.
Trade Setup (Short):
Entry Zone: 2.1500 – 2.1660
Take Profit (TP): 2.1146
Stop Loss (SL): 2.1695
Market Outlook:
This setup indicates a classic resistance rejection pattern. As long as price stays below 2.1695, bears are in control. Traders should watch for a potential bounce before continuation downward. Maintain proper risk management as volatility increases near resistance zones.
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