This $XRP /USDT short trade setup suggests a bearish breakout may be imminent:
Analysis Summary:
Trend: Bearish — repeated rejections near $2.59 confirm downward momentum.
Current Action: Price is hovering just above critical support at $2.2984.
Breakdown Risk: If the $2.2980 support cracks, a slide toward $2.2805 or lower is likely.
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Trade Plan (Short Position):
Entry Zone: $2.3150 – $2.3250 (as price tests resistance within the downtrend)
Targets:
TP1: $2.2980 (support retest)
TP2: $2.2805 (next support zone)
Stop Loss: $2.3550 (above minor resistance and invalidation of breakdown thesis)