📊 Current Market View

$XRP

Price around 1.419

Strong rejection near 1.44 resistance

Large red candle with high volume → strong selling pressure

Price dropped below key moving averages → short-term bearish

🔻 Trade Setup: SHORT (Sell)

✅ Entry:

1.420 – 1.425 (on slight pullback)

🎯 Targets:

TP1: 1.405

TP2: 1.395

❌ Stop Loss:

1.435 (above resistance)

🤔 Reasoning:

Big bearish candle indicates aggressive selling

Volume spike confirms the move is strong

Price rejected from resistance (1.44 zone)

Market structure shifting bearish on lower timeframe

⚠️ Invalidation:

If price closes strongly above 1.435,

→ setup becomes invalid and market may reverse

💡 When to Consider BUY:

Only if price reaches 1.395–1.40 zone

Look for strong rejection (wicks / support holding)

XRP

1.3717

-0.08%