$XRP
📉 XRP/USDT Signal – Bearish Breakdown Setup

🔹 Pair: XRP/USDT

🔹 Timeframe: 1 Hour

🔹 Current Price: ~$2.294

🔹 Signal Type: Short Position – Breakdown from Lower Highs & Support Retest

🔍 Analysis Overview:

Lower Highs Formation: Price is consistently making lower highs after peaking around $2.33.

Downtrend Channel: Steady bearish momentum forming a downward channel.

Weak Volume Recovery: Decline is accompanied by low buying volume on bounces.

Support Test Zone: Price is hovering above a recent key support (~$2.28–$2.30) — a break here could trigger further downside.

⚠️ Trade Plan – Short Setup

📥 Entry Zone: $2.290–$2.295 (on breakdown confirmation)

🛑 Stop-Loss: Above $2.320 (invalidates bearish bias)

🎯 Take-Profit Targets:

TP1: $2.25

TP2: $2.21

TP3: $2.17 (stronger support region)

🧠 Notes:

Confirmation candle close below $2.290 improves probability.

Consider tighter stop if you're entering on breakdown, or wait for a retest.

Strong support sits below around $2.15–$2.17 if the trend extends.