$XRP /USDT – Consolidation with Weak Bounce After Breakdown
XRP/USDT is trading at $2.0888, down -1.23% in the last 24H. Price is stuck in a choppy range after dropping from $2.13, failing to break above resistance levels with weak bullish candles on the 1H chart.
Current Price: $2.0888
24H High / Low: $2.1300 / $2.0469
24H Volume: 122.82M (XRP), 256.44M (USDT)
Short Trade Plan:
Entry Zone: $2.0950 – $2.1100
Final Target: $2.0500
Stop Loss: $2.1320
Why This Setup Makes Sense:
Lower highs and unstable recoveries point to ongoing distribution. Price struggling near $2.11 without momentum suggests downside pressure still active.
Risk Strategy:
Wait for a rejection candle before confirming entry. Consider scaling in with tight SL.
Short $XRP
XRP
1.3645
+1.20%
while weakness persists and bulls fail to reclaim range highs!