๐ Current Price: $2.52875 (-1.76%) โ XRP is consolidating after a volatile move, gearing up for the next breakout! ๐ Market Structure: XRP recently tested a key resistance at $2.6310 but failed to sustain, leading to a pullback towards $2.5200 support. If buyers fail to hold this zone, a deeper correction may follow. ๐ Key Levels: Resistance: $2.5600 - $2.6300 (Rejection zone) Support: $2.5000 - $2.4700 (Demand area) ๐ Bearish Trade Setup: ๐น Entry Zone: $2.5400 - $2.5600 (Short on rejection) ๐น Stop Loss: $2.6200 (Above resistance to avoid fake-outs) ๐ฏ Take Profit Targets: โ TP1: $2.5000 โ TP2: $2.4700 โ TP3: $2.4200 ๐ก Trade Rationale: Weak bullish momentum after resistance rejection. Lower highs forming โ a sign of buyer exhaustion. Bearish divergence on lower timeframes, signaling downside pressure. โ Risk Management: A breakdown below $2.5000 could trigger further selling pressure, making this a high-probability short setup. Watch for volume confirmation before entering! ๐๐ #Gate.io Has Officially Partnered with Oracle Red Bull Racing #Market Dip: What to Buy? #Weekend Market Analysis #BTC #GateioInto11
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๐ฅ $XRP /USDT โ Critical Levels & Trade Setup! ๐ฅ
๐ Current Price: $2.52875 (-1.76%) โ XRP is consolidating after a volatile move, gearing up for the next breakout!
๐ Market Structure:
XRP recently tested a key resistance at $2.6310 but failed to sustain, leading to a pullback towards $2.5200 support. If buyers fail to hold this zone, a deeper correction may follow.
๐ Key Levels:
Resistance: $2.5600 - $2.6300 (Rejection zone)
Support: $2.5000 - $2.4700 (Demand area)
๐ Bearish Trade Setup:
๐น Entry Zone: $2.5400 - $2.5600 (Short on rejection)
๐น Stop Loss: $2.6200 (Above resistance to avoid fake-outs)
๐ฏ Take Profit Targets:
โ TP1: $2.5000
โ TP2: $2.4700
โ TP3: $2.4200
๐ก Trade Rationale:
Weak bullish momentum after resistance rejection.
Lower highs forming โ a sign of buyer exhaustion.
Bearish divergence on lower timeframes, signaling downside pressure.
โ Risk Management:
A breakdown below $2.5000 could trigger further selling pressure, making this a high-probability short setup. Watch for volume confirmation before entering! ๐๐
#Gate.io Has Officially Partnered with Oracle Red Bull Racing
#Market Dip: What to Buy?
#Weekend Market Analysis #BTC #GateioInto11