$XRP BEARISH STRUCTURE SIGNALS SHORT OPPORTUNITY
$XRP is showing signs of exhaustion after a strong rally, with price action stalling near a key resistance zone. The elevated average entry and recent PNL suggest profit-taking may begin soon. Momentum indicators hint at divergence, and volume is tapering off—classic signs of a potential reversal.
ENTRY: Short
STOP LOSS (SL): Above recent resistance wick
TARGETS (TP):
- TP1: Minor support zone
- TP2: Mid-range consolidation level
- TP3: Previous breakout base
Risk Management:
Limit exposure to 1–2% per trade. Use tight SL to preserve capital. Reassess bias if price reclaims resistance with volume.
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