📉 XRPUSDC Short-Term Bearish Signal (8H Chart)
The XRPUSDC perpetual futures chart shows a recent rejection from the $2.29–$2.33 resistance zone, highlighted by the wick at $2.3382. Current price action near $2.1338 indicates downward pressure with a failed breakout attempt. Entry was at $2.1329 with unrealized profits still minimal, suggesting indecision.
🔹 Signal: If XRP fails to hold above $2.13 in the next few candles, a potential drop toward $2.08 is likely.
🔹 Action: Monitor closely for a candle close below $2.12 on the 8H timeframe for a possible short entry confirmation.
🔹 Invalidation: A move above $2.29 (blue circled zone) would negate the bearish thesis and hint at bullish continuation.
