#XRPUSDT โ€“ Bearish Scenario, Expecting a Breakdown

135
๐Ÿ“‰ SHORT XRPUSDT.P from $2.1484
๐Ÿ›ก Stop Loss: $2.1881

โฑ 1H Timeframe

โšก Trade Plan:
โœ… The XRPUSDT.P price is consolidating below POC (Point of Control) at $2.2119, indicating strong seller dominance.
โœ… Attempts to push higher have been quickly rejected, suggesting buyer weakness.
โœ… If the current support breaks, a strong downward move is likely.

๐ŸŽฏ TP Targets:
๐Ÿ’Ž TP 1: $2.1240
๐Ÿ”ฅ TP 2: $2.0930
โšก TP 3: $2.0680

๐Ÿ“ข A close below $2.1484 would confirm further downside movement.
๐Ÿ“ข POC at $2.2119 is a major volume area, now acting as resistance.
๐Ÿ“ข Increasing volume on the drop supports the bearish outlook.
๐Ÿ“ข Taking partial profits at TP1 ($2.1240) is a smart risk-management strategy.

๐Ÿšจ XRPUSDT.P remains under selling pressure โ€“ monitoring for confirmation and securing profits at TP levels!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.