XRP/USD – Bearish Outlook with Key Levels to Watch📌 Key Support & Resistance Levels:
🔹 0.618 Fib – Major Support Level
🔹 0.5 Fib – Primary Support Entry
🕵️♂️ Market Structure & Technical Outlook:
The monthly candle has formed a bearish engulfing pattern, rejecting the high at $3.40. This signals that the market has likely found a local top, increasing the probability of a retracement before further downside movement toward the $1.40 liquidity zone.
As we approach the monthly close, a close below the 0.382 Fib level would confirm further downside after a potential retest.
📉 Market Bias:
✅ Bearish until the gap between 0.5 and 0.618 Fib is filled.
✅ Any short-term pumps are likely bull traps rather than trend reversals.
🎯 Trading Strategy & Risk Management:
🔹 Short-term: Trade range flips, avoid heavy long positions.
🔹 Spot Swing Entries: Wait for breakdown levels in the $1.50 range before considering a buy.
🔹 If in a spot trade: Consider selling at resistance and re-entering lower.
🔹 Short Setup:
Low leverage (1.5x-2x) with a wide stop-loss.
Target lower Fib levels (0.618 - 0.5) for entries.
⚠️ Key Levels to Watch for Daily Close:
🔻 Below $2.21 → Confirms bearish continuation.
🔺 Above $2.21 → Possible retrace to $2.60, but likely a liquidity grab before further downside.
🔮 Conclusion:
I remain bearish on XRP and prefer short setups over long positions for the next two weeks. The focus remains on lower targets before considering any major long entries.
📊 What’s your view? Comment below! 👇
