🚨 $XRP /USDT– Rejected at $2.14, Downtrend Building Below Key MAs 🚨
XRP climbed to a session high of $2.1409, but momentum quickly reversed. It’s now trading at $2.0727, holding a modest +0.74% gain, yet showing signs of fading strength as price dips below all key moving averages.
24H Snapshot:
High: $2.1409
Low: $2.0566
Volume: 136.34M XRP / $287.08M USDT
Chart Analysis:
A failed attempt to break and hold above the $2.14 resistance led to a clean rejection. The drop below MA(7), MA(25), and MA(99) shows short-term bearish pressure mounting. Bulls must defend $2.05 support to avoid deeper correction.
Trade Setup – SHORT OPPORTUNITY IN PLAY:
Entry Zone: $2.07 – $2.10
Target 1: $2.045
Target 2: $2.015
Final Target: $1.980
Stop Loss: $2.115
Why This Setup?
All major moving averages have turned into resistance. Weak recovery candles suggest sellers are active on every bounce.
Pro Tip:
Scalp on rejection candles near $2.10 with tight SL. Reclaim of $2.115 would invalidate the bearish bias.
2.073
+0.65%
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