Sellers gaining control as structure starts breaking down on lower timeframes.

EP
1.395 - 1.410

TP
TP1 1.370
TP2 1.340
TP3 1.300

SL
1.440

Liquidity above 1.43 was swept before a sharp reversal, indicating distribution. Weak follow-through on upside and strong bearish candles suggest continuation lower unless price reclaims the broken resistance.

Let’s go $XRP ‌

XRP2,21%

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Low-PolyEarth

· 6m ago

Recently, the overall clone market has been relatively weak, and XRP is also easily influenced by the overall market trend; controlling your position size is the most important.

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QuietAlphaClerk

· 04-16 22:30

1.30 as TP3 is a bit aggressive, but it's not impossible to really push it.

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SeaSaltAirdropNotes

· 04-16 17:15

I am more concerned about the trading volume around 1.40; if there's no volume, don't try to push it hard.

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L2ArbitrageYoungster

· 04-16 14:46

This strong bearish move combined with weak continuation indeed doesn't seem like it's going to keep pushing higher.

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GasFeesWithAPomeloFlavor

· 04-16 14:40

If the price breaks back above the support level with increased volume, I will consider a reversal; otherwise, I will just follow the trend.

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Semi-MeltedIceCream

· 04-16 14:38

This fake breakout swept through liquidity too aggressively.

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GateUser-b6d80ba0

· 04-16 14:36

1.43 After sweeping above, then smashing, a typical allocation plate flavor.

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GateUser-047cb6fc

· 04-16 14:34

1.34 That level might see a rebound wave, be careful not to be greedy.

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SeaSaltFlavorAirdrop

· 04-16 14:33

SL 放 1.44 感觉有点紧，万一来个插针又被洗出去。

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GateUser-6d80555a

· 04-16 14:30

Entrance zone 1.395-1.41 is okay, but I will wait for a rebound confirmation before entering the market. Recently, XRP's volatility is too easy to get caught off guard.

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$XRP showing rejection from local highs with momentum shifting bearish.

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