$XRP /USDT – STRONG DOWNTREND WITH SUPPORT TEST UNDERWAY ⚠️🔻
$XRP is currently trading at $2.1076 (-4.64%), under clear selling pressure. Price has dropped from the recent high of $2.2253 and is now hovering just above a critical short-term support at $2.08 – $2.05.
📉 The trend remains bearish with:
EMA & MA both sloping down
Parabolic SAR above price (indicating active downtrend)
High 24h volume: 166M XRP / $359.19M USDT, suggesting heavy activity, possibly panic exits.
⚠️ BEARISH TRADE SETUP (BREAKDOWN PLAY)
• Short Entry: $2.1000 – $2.0800
• Target: $1.9800
• Stop Loss: $2.1650
🔍 PRO TIP:
If XRP closes below $2.05 on the 4H chart, expect further downside pressure. Only consider long/reversal if a strong bullish engulfing candle forms with volume pickup near $2.00. For now, bias is with the bears.
