$XRP /USDT BEARISH REJECTION AFTER FAILED BREAKOUT — SELLERS TAKE CONTROL
$XRP recently attempted a breakout above the $2.42 level but faced strong rejection, leading to a sharp red candle back to $2.35. The quick drop and long wick from the top indicate bearish pressure and a likely short-term reversal unless buyers reclaim the upper range soon.
Trade Setup (Short):
Entry: $2.36 – $2.38
Target (TP): $2.30
Stop Loss (SL): $2.43
Market Outlook:
Momentum has shifted to the downside after failing to hold the highs. Bears are likely to test lower supports unless a strong bullish candle reverses the drop. Watch for volume confirmation.
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