#XRPUSDT โ Bearish Scenario, Expecting a Breakdown
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๐ SHORT XRPUSDT.P from $2.1484 ๐ก Stop Loss: $2.1881
โฑ 1H Timeframe
โก Trade Plan: โ The XRPUSDT.P price is consolidating below POC (Point of Control) at $2.2119, indicating strong seller dominance. โ Attempts to push higher have been quickly rejected, suggesting buyer weakness. โ If the current support breaks, a strong downward move is likely.
๐ข A close below $2.1484 would confirm further downside movement. ๐ข POC at $2.2119 is a major volume area, now acting as resistance. ๐ข Increasing volume on the drop supports the bearish outlook. ๐ข Taking partial profits at TP1 ($2.1240) is a smart risk-management strategy.
๐จ XRPUSDT.P remains under selling pressure โ monitoring for confirmation and securing profits at TP levels!
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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.