$XRP USDT – BEARISH REJECTION NEAR $2.97! IS THE TOP IN FOR NOW?
STRONG WICK REJECTION AT HIGH
BUYING PRESSURE SLOWING DOWN
surged to a 24h high of $2.9750 but faced immediate rejection, leaving a long upper wick — a sign of distribution at the top. The current 1H candle is showing indecision after a sharp rally from $2.51. MACD remains positive but is starting to flatten, suggesting weakening momentum.
If bulls fail to reclaim $2.90+, a short-term pullback looks likely as profit-taking sets in.
TRADE SETUP
Short Entry: $2.83 – $2.86
TP1: $2.74
TP2: $2.68
Stop Loss: $2.91
A drop below $2.80 could confirm bearish pressure. Caution advised — momentum is fading.
#XRPUSDT #Ripple #CryptoBearish #TrendReversal #BinanceSquare