$XRP /USDT SHORT SIGNAL — BEARISH BREAKDOWN BELOW ASCENDING SUPPORT!
$XRP is trading at $2.1503 (+0.87%), but the recent price action signals a breakdown from the ascending trendline support. After failing to hold above the $2.1750 level, price has sharply declined, now consolidating below key resistance levels with weak bullish momentum.
Why Short?
The chart clearly shows a rising wedge breakdown — a bearish pattern. The price broke down after multiple rejections near $2.1800, and has formed lower highs with increasing sell volume. The failed bounce at $2.1550 confirms resistance holding. Unless reclaims $2.1650+, bears are in control.
Market Outlook:
If price fails to break $2.1550 again, we may see a continuation move toward $2.1350 and possibly $2.1200. A 15-minute candle close below $2.1400 will further confirm bearish strength.
Risk Management Tip:
Set tight SL above $2.1650. Don’t short blindly — wait for a candle rejection before entering. Always manage risk per trade.
Sell smart — don’t chase green candles when the trend is turning red!