$XRP USDT – SHORT TRADE SIGNAL🔴
RESISTANCE REJECTED AT 2.4606
BEARISH CANDLE FORMING BELOW LOCAL SUPPLY ZONE
XRP has faced strong rejection near the 2.4600 level, with price action forming lower highs and showing exhaustion at the top of a short-term rally. The current setup signals a potential retracement, with confirmation from a bearish engulfing candle and rejection wick.
🔻 Key Levels:
Resistance: 2.4558 – 2.4606
Support: 2.4119, followed by 2.4032
Breakout Zone: Below 2.4200 opens room for more downside
🔽 Trade Setup:
• Entry Point: 2.4420 – 2.4450
• Stop Loss: 2.4606
• Take Profit:
TP1: 2.4119
TP2: 2.4032
• Margin: 2–3% of wallet
• Leverage: 10x
📉 Market Outlook:
Momentum is weakening at the highs with a bearish reversal pattern. Expect potential pullback toward lower demand zones if price stays below 2.45.
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