XRP/USDT – Breakdown & Retest

XRP recently broke below its key trendline and has now retested the level, showing rejection — a strong bearish continuation signal.

Structure
Breakdown of the ascending trendline
Retest rejection confirms selling pressure
Supports stacked below at key levels

Trade Plan
Entry: After rejection near the trendline retest
Stop Loss: Above broken trendline
Targets: 0.3540 → 0.3422 → 0.3310 → 0.3240

Bias
Bearish unless XRP reclaims the trendline with a strong close. If reclaimed, the short setup is invalid.

Trading Insight
This is a classic breakdown + retest setup, often signaling continuation to lower support zones. Manage risk with SL.

DYOR | Not Financial Advice