$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)