XRP Short Setup Active! 🔥

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XRP has broken down from a rising channel and is currently retesting Fair Value Gaps (FVGs), signaling a potential move lower. The market structure suggests that sellers are in control, making this a key opportunity for short traders.

 Key Market Insights

Several bearish signals indicate that $XRP could continue its downward trend:

✅ FVG resistance confirmed – Price is struggling to reclaim the lost level, reinforcing resistance.
✅ Bearish rejection – Sellers have defended key levels, showing market weakness.
✅ Liquidity grab – A move above local highs has absorbed liquidity, triggering additional sell pressure.

 Trade Setup (Short Position)

Traders looking to capitalize on this setup can consider the following trade parameters:

  • Entry Zone: $2.28 – $2.29 (Pullback into FVG)
  • Target 1: $2.24
  • Target 2: $2.21
  • Stop Loss: $2.32

Invalidation Level

If $XRP breaks above $2.33, it could flip bullish and push toward $2.36, invalidating the short setup.

 Pro Tip

Before entering a short trade, watch for a strong rejection wick at resistance to confirm selling pressure.

This setup presents a high-probability opportunity for short traders, but risk management remains crucial. Stay disciplined and trade wisely!

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