$XRP USDT BEARISH MOVE EXPECTED AFTER FAILED BULLISH ATTEMPT
$XRP USDT is currently trading at 2.2782, showing a rejection from the recent high near 2.3537. The market formed a strong bearish engulfing after a quick upside wick, indicating sellers are dominating and bulls failed to sustain momentum.
🔻 Trade Setup:
Short Entry: 2.2750 - 2.2800
Targets (TP): 2.2600 / 2.2480
Stop Loss (SL): 2.2900
📉 Market Outlook:
The rejection at the upper resistance with strong selling pressure suggests a potential move back towards the 2.2485 support level. Bears remain in control unless price reclaims above 2.2900 convincingly.
⚠️ Risk Management:
Always use strict SL to protect capital, as XRP volatility can trigger quick reversals.
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