Professor Smith
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Bearish
$XRP USDT – REJECTION AT $2.51! SHORT SETUP BREWING?
LONG WICK SHOWS SELL PRESSURE NEAR SWING HIGH
MOMENTUM STALLING AFTER STRONG RUN-UP
$XRP surged to $2.5122 but immediately faced rejection, forming a candle with a long upper wick — a classic sign of fading bullish momentum. The price is now pulling back below $2.49, with buyers losing strength near resistance.
MACD is still above zero but shows signs of slowing upward momentum. A potential bearish crossover may confirm downside continuation if pressure persists.
SHORT Entry: $2.4850
TP1: $2.4550
TP2: $2.4150
SL: $2.5150
A failure to reclaim $2.51 may trigger a sharper correction back into the prior range.
#XRPUSDT #BearishSignal #RippleAnalysis #CryptoTrading #BinanceFutures
LONG WICK SHOWS SELL PRESSURE NEAR SWING HIGH
MOMENTUM STALLING AFTER STRONG RUN-UP
$XRP surged to $2.5122 but immediately faced rejection, forming a candle with a long upper wick — a classic sign of fading bullish momentum. The price is now pulling back below $2.49, with buyers losing strength near resistance.
MACD is still above zero but shows signs of slowing upward momentum. A potential bearish crossover may confirm downside continuation if pressure persists.
SHORT Entry: $2.4850
TP1: $2.4550
TP2: $2.4150
SL: $2.5150
A failure to reclaim $2.51 may trigger a sharper correction back into the prior range.
#XRPUSDT #BearishSignal #RippleAnalysis #CryptoTrading #BinanceFutures
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