*$XRP /USD Short-Term Technical Update**
*Resistance Holds - Bearish Momentum Building*
**Key Observations:**
- Failed breakout above $3.25 resistance
- Lower highs forming on 15-min chart
- RSI divergence signaling weakening momentum
**Trade Strategy: Short Opportunity**
▶ **Entry Zone:** $3.19 - $3.22 (retest of broken support)
⚠ **Stop Loss:** $3.26 (above recent swing high)
🎯 **Take Profit Levels:**
- TP1: $3.08 (immediate support)
- TP2: $3.02 (24h low confluence)
**Technical Rationale:**
Price shows exhaustion with:
1) Bearish volume increase at resistance
2) MACD crossing below signal line
3) Potential head-and-shoulders forming on lower timeframe
**Risk Management Note:**
- 1:3 R/R ratio at TP2
- Consider partial profits at TP1
- Monitor Bitcoin correlation for broader market moves
**Next Critical Levels:**
- Break below $3.18 confirms bearish continuation
- Recovery above $3.26 invalidates setup
*Chart analysis available upon request. Trade liquid markets.*