$XRP XRP / USDT – Short-Term Technical Analysis
Timeframe: 15 Minutes
Current Price: ~2.027
Market Context: Strong bullish impulse after short-term pullback / consolidation
Market Structure
XRP showed a powerful bullish impulsive move from the strong demand zone around ~$2.00, which took the price to the resistance area of $2.04–2.05. After a clear rejection from this zone, the price is now consolidating with lower highs, indicating a short-term distribution or corrective phase — not an immediate continuation.
Key Levels
Immediate Resistance: 2.040 – 2.050
Intraday Resistance: 2.030 – 2.035
Support Zone 1: 2.015 – 2.020
Major Support / Demand: 1.995 – 2.005
Price Action Insight
Long upper wick near 2.05 → strong selling pressure & rejection
After this, bearish candles and weak bullish follow-through
Momentum is clearly slowing down → intraday buyers are losing control
Current structure favors pullback or range continuation
Trade Scenarios
Bearish Continuation (Preferred Scenario)
If the resistance holds:
Entry Zone: 2.030 – 2.045
Targets:
TP1: 2.020
TP2: 2.005
TP3: 1.990
Invalidation: Clean 15-minute close above 2.055
Bullish Continuation (Conditional)
Only when the price strongly reclaims:
Condition: Strong reclaim & hold above 2.05
Targets:
TP1: 2.070
TP2: 2.100
Invalidation: Acceptance below 2.03
Bias Summary
📉 Short-term Bias: Bearish / corrective
📊 Overall Structure: Bullish, but currently in a pullback phase
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