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$XRP – Sharp rejection from resistance | Short-term selling opportunity
The price shows a clear rejection from a major resistance zone after a strong upward move during the session. If buyers fail to break through this zone, the bearish scenario becomes the most likely as selling pressure increases in the short term.
Trade setup: Sell (maximum leverage 20x)
· Entry zone: 1.0700 – 1.0730
· Stop loss: 1.0785
· Profit targets:
· TP1: 1.0620
· TP2: 1.0560
· TP3: 1.0500
Note: It is recommended to manage risk carefully given the sharp market volatility.
$XRP
XRPUSDT
Current price: 1.0711 (+2.43%)