$XRP /USDT – Short Setup Active After Rejection at Resistance
XRP
1.3818
-0.73%
XRP faced strong resistance near $2.16 and printed a sharp bearish engulfing candle on the 15m chart. Price is now sliding below key structure at $2.15.
Trade Setup:
Entry Zone: $2.147–$2.150
Final Target: $2.112
Stop Loss: $2.163
Why This Setup Makes Sense:
Double rejection at $2.16 resistance followed by volume drop suggests seller dominance. Short-term lower highs reinforce the bearish view.
Risk Strategy:
Use tight SL, consider trailing once price breaks $2.12
Take short trade on $XRP now.