$XRP /USDT TRAPPED IN BEARISH CHANNEL – SHORT TRADE SETUP ACTIVE!
$XRP/USDT continues to bleed slowly, now trading at $2.1564, down -2.75%, after failing to recover above key resistance levels. The 15-minute chart shows a consistent downtrend, confirmed by the 7, 25, and 99 EMAs all sloping downward, with price trapped below them.
🔻 Bearish Signals: • EMA(7) < EMA(25) < EMA(99) = strong downtrend confirmation
• Lower highs and lower lows dominating the chart
• Price rejected on every retest of short-term EMAs
• Volume fading = no buyer strength
📉 Short Trade Plan: • Entry Zone: 2.155 – 2.165
• TP1: 2.135
• TP2: 2.110
• TP3: 2.085
• SL: 2.180 (above EMA99 resistance)
Unless $XRP breaks decisively above $2.18, momentum remains bearish. This setup favors continuation toward lower support zones, ideal for short scalps in the current structure.
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