$XRP /USDT SHOWING SIGNS OF BEARISH CONSOLIDATION — SHORT-TERM PRESSURE STILL ACTIVE
XRP is currently trading at $2.3474, struggling to reclaim the $2.36 level after a sharp drop. Despite a small bounce, the structure remains weak with resistance levels stacking above. If the price fails to hold this range, further downside could be expected.
Trade Setup (Short Entry):
Entry: $2.3480 - $2.3550
Take Profit (TP): $2.2885
Stop Loss (SL): $2.4035
Market Outlook:
Resistance levels at $2.36 and $2.40 remain unbroken. Momentum is fading and lower highs indicate bearish control. Caution is advised on long positions until a breakout above $2.41 confirms strength.
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