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$XRP Coiled Setup at Local Resistance
Price is currently trading at 1.3825, following a sharp rejection from the session high of 1.3996. On the 15m chart, $XRP has broken below its immediate ascending support and is now consolidating in a bearish flag pattern. If bulls fail to reclaim the 1.3900 level, we expect a continuation of the downward momentum toward the 1.3500 liquidity zone.
Short $XRP (Mean Reversion Play)
Entry: 1.3830 – 1.3900
SL: 1.4050
TP1: 1.3650
TP2: 1.3500
TP3: 1.3300
Market Analysis
XRP has faced significant selling pressure after touching the 1.40 psychological barrier. The technical "stalemate" near the current lows suggests a "coiled spring" setup where the market is gathering energy for another move lower. With a 24h turnover of 55.63M USDT, the volume profile indicates that the recent bounce lacked follow-through, leaving the door open for bears to target deeper support.
As long as the price remains capped under the 1.3950 supply zone, the structural bias remains bearish for the short term. In the 2026 cross-border payment landscape, while long-term fundamentals remain strong, the current chart reflects a local exhaustion phase. Watch for a decisive close below the 1.3807 support floor to confirm the next impulsive leg down toward the weekly value area.
Trade $XRP here 👇
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