$XRP /USDT SHOWING BEARISH PRESSURE AS PRICE STRUGGLES NEAR SUPPORT ZONE
$XRP /USDT is currently trading at 2.1369, down 0.48%, indicating a mild bearish sentiment in the market. The price action shows consistent lower highs from 2.2100 down to 2.1369, suggesting sellers are in control. Buy orders are seen stacked from 2.1370 to 2.1000, signaling a possible accumulation phase, but the downside momentum remains dominant.
The immediate support lies at 2.1300 and 2.1219—a break below these could push XRP further down to 2.1000 and possibly 2.0800, the next demand zones. On the upside, resistance is clearly defined around 2.2000–2.2100. Unless bulls reclaim this range, the bias remains bearish.
Volume at 2.98M suggests decent activity but lacks the strength to reverse the current trend yet. Traders should watch for either a bounce from 2.12–2.13 or a clean break below it for further downside confirmation.
Short-term outlook: Bearish to Neutral
Strategy: Consider short entries below 2.1300 with targets towards 2.0800, or wait for bullish confirmation above 2.2000.
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