$XRP /USDT Short Trade Signal – Bearish Momentum
Current Price: $2.4076
24h High: $2.5056 | 24h Low: $2.3471
Change: -3.04%
Trend Overview:
The chart shows bearish momentum:
Price is below all key EMAs (EMA 7, 25, and 99).
EMA(7) = 2.4119, EMA(25) = 2.4177, EMA(99) = 2.4283
Bearish crossover: EMA(7) has crossed below EMA(25) and EMA(99).
Candlesticks are forming lower highs and lower lows.
Key Levels:
Support: $2.3984, $2.3718
Resistance: $2.4177, $2.4283
Trade Setup:
Entry: $2.4070 (current price or wait for rejection near $2.4170)
Stop Loss: $2.4300 (above EMA(99) and recent highs)
Target 1: $2.3900
Target 2: $2.3720
Market Outlook:
Short-term sentiment is bearish due to EMA alignment and volume drop.
Break below $2.3980 could lead to stronger downside pressure.