XRP/USDT is currently retesting a key resistance zone near the 2.08–2.10 area, which previously acted as strong support. After a break below this level, price is showing signs of rejection on the retest, suggesting the potential for a bearish continuation.
If price fails to reclaim the resistance zone and starts forming lower highs, we could expect a downside move toward the next support levels at 1.9464, 1.8343, and ultimately 1.6750. This scenario aligns with a classic support-turns-resistance (S/R flip) setup.
Trade Plan:
Entry Zone: Near 2.08–2.10 (on bearish confirmation)
Stop Loss: Above 2.12
Targets:
TP1: 1.9464
TP2: 1.8343
TP3: 1.6750
Risk-to-Reward: Favorable if rejection is confirmed
If price fails to reclaim the resistance zone and starts forming lower highs, we could expect a downside move toward the next support levels at 1.9464, 1.8343, and ultimately 1.6750. This scenario aligns with a classic support-turns-resistance (S/R flip) setup.
Trade Plan:
Entry Zone: Near 2.08–2.10 (on bearish confirmation)
Stop Loss: Above 2.12
Targets:
TP1: 1.9464
TP2: 1.8343
TP3: 1.6750
Risk-to-Reward: Favorable if rejection is confirmed
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.
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.