🔻 $XRP

/JPY BEARISH SETUP – STALLING NEAR RESISTANCE ZONE

$XRP/JPY is trading at 321.98, just under its 24h high of 323.50, but bullish momentum appears weak. The pair is struggling to break above key resistance, and volume is beginning to fade. A drop below 318.00 could trigger a stronger selloff.

🔑 Key Levels

Resistance: 323.50 – 325.80

Support: 318.00 (immediate), then 317.00

Current Price: 321.98

📊 Trade Setup (Short):

Entry Zone: 322.00 – 323.50

Take Profit 1: 318.00

Take Profit 2: 315.00

Stop Loss: 326.50

💡 Short Market Outlook:

$XRP/JPY is showing signs of exhaustion near its local top at 323.50. Momentum indicators (inferred from flat MA and tightening price range) suggest weakening bullish pressure. A decisive move below 318.00 could lead to increased selling volume and lower supports being tested.

⚠️ Risk Management:

Risk only 2–3% of capital per trade

Stop-loss at 326.50 to guard against a squeeze

Watch for volume confirmation on a break below 318.00 before adding size

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