$XRP /USDT – Bearish Trade Setup: Targeting $2.90 Zone
Current Price: $3.0341
Trade Setup (Short Position):
• Entry: Below $2.95
• Target 1: $2.940
• Target 2: $2.9250
• Target 3: $2.9100 (24h low)
• Stop Loss: $3.00
Analysis:
XRP is showing weakness after hitting a 24h high of $3.1472 and is now moving downward toward the $3.00 zone. Strong selling pressure is visible with trading volume above 117M XRP in the last 24h. If price breaks below $3.02, it can quickly test the $2.99 and $2.96 supports.
Momentum favors sellers for now, but traders should keep a close watch on $2.96. A bounce from that level may trigger a reversal, while a clear break below could open the way for deeper downside.
