$XRP /USDT BEARISH SETUP – WATCH FOR BREAKDOWN IF SUPPORT FAILS

$XRP is currently trading at $2.8963 (-2.02%), showing signs of short-term weakness after rejecting resistance near the $3.10 level. With selling pressure increasing and lower highs forming, the pair is leaning bearish in the short term.

KEY LEVELS TO WATCH:

Current Price: $2.8963

Resistance Zones:

Minor: $2.98

Major: $3.10 – $3.12

Support Zones:

Immediate: $2.86

Strong: $2.80

Breakdown level: $2.78

TRADE SETUP (SHORT POSITION):

Entry Zone (Short): Near $2.90–$2.92 (retest of broken support)

Targets (TP):

TP1: $2.82

TP2: $2.75

TP3: $2.65 (if extended sell-off occurs)

Stop Loss (SL): Above $3.02

TECHNICAL INSIGHTS:

Lower highs forming = bearish structure

Price is trading below previous support-turned-resistance of $2.90

RSI on lower timeframes showing bearish divergence

If $2.86 breaks, expect a quick drop to $2.78 support

RISK MANAGEMENT:

Risk only 1-2% per trade

Use tight SL above recent highs to protect capital

Wait for confirmation (break + volume) before entering aggressively

CONCLUSION:

$XRP/USDT is setting up for a potential bearish continuation if support at $2.86 fails. A clean rejection from $2.90–$2.92 zone provides a high-risk-reward short setup. Watch closely for volume and price reaction!

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