XRP Short Setup Active! 🔥
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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