$XRP – Weakening Signal After Rejection at $1.60

XRP just retested the $1.60 zone but failed to break through, showing this remains strong resistance in the short term. Following the rejection, price has begun forming a lower high structure, while continuous selling pressure appears → a clear sign that upward momentum is significantly weakening.

On the short-term timeframe, as price fails to maintain its drive, buyers gradually lose control and the market tends to move into a correction or sideways accumulation phase.

📌 Scenarios to Watch:
If XRP continues to create lower highs → there's a high probability of a deeper correction
If wanting to reverse into an uptrend → need a decisive break above the $1.60 zone with strong volume

📊 Reference Strategy:
Prioritize shorting when price rallies back to resistance zones
Or wait for a clear bullish trend confirmation before going long
Always set SL to avoid being swept by emotion
=> This phase is not the time to "chase the top"
( personal perspective)