$XRP USDT BEARISH REVERSAL ā SELLERS TAKE CONTROL AFTER FAILURE TO HOLD HIGHS
$XRP USDT has faced a sharp rejection from the 2.17 level, breaking down below multiple supports. Current 4H candles show bearish dominance with lower highs and lower lows forming, signalling further downside pressure in the short term.
š» Trade Setup (Short Entry):
Entry Zone: 2.09 ā 2.11
Targets (TP):
TP1: 2.05
TP2: 2.00
TP3: 1.93
Stop Loss (SL): 2.15
š Key Levels:
Resistance: 2.11 ā 2.15
Support: 2.05 ā 1.93
Current Price: 2.0935
š Market Outlook:
Momentum remains bearish below 2.11, with high chances of a continued drop towards 2.00 and possibly 1.93 if sellers maintain control. Only a strong reclaim above 2.15 will invalidate this bearish setup and flip structure bullish again.
ā ļø Risk Management:
Always risk only 1-2% per trade. Manage positions carefully to avoid unnecessary losses during sharp volatility moves.
#XRP #XRPUSDT #BearishSetup #CryptoSignals #MarketUpdate
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