$XRP /USDT TECHNICAL ANALYSIS – BEARS STILL HOLDING CONTROL 🐻
Market Next Move (Bearish Bias):
$XRP /USDT is showing weak bullish follow-through after a rejection from the 2.08 resistance zone, indicating sellers are active at higher levels. Price is currently hovering near the 2.05 support, and failure to hold this zone could trigger another bearish leg downward as momentum remains capped below key resistance.
Immediate Explanation:
The market structure on lower timeframes suggests lower highs with repeated rejection near resistance, while volume does not support a strong upside breakout. As long as price stays below 2.08–2.10, bears are likely to pressure the market, targeting liquidity below current support.
📉 Trade Setup (Short Position)
Entry (Sell): 2.06 – 2.08
Take Profit 1: 2.02
Take Profit 2: 1.98
Take Profit 3: 1.94
Stop Loss: 2.12
> Risk-managed short trade aligned with current bearish momentum.
🔍 Short Market Outlook:
XRP is expected to remain range to bearish in the short term unless it reclaims 2.10 with strong volume. A confirmed breakdown below 2.04 may accelerate selling pressure, while bulls need a decisive breakout above resistance to flip the trend.
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