$XRP /USDT BEARISH BREAKOUT LIKELY AS PRICE DROPS BELOW MOVING AVERAGES 🚨📉
XRP/USDT is currently under bearish pressure, trading at $3.05 (-1.60%), after rejecting the $3.17 high. Price has slipped below the MA(7) - $3.0602, MA(25) - $3.0874, and MA(99) - $3.1183, confirming downside momentum. With low support in the current zone and volume fading, bears are gaining control.
📊 Key Levels:
Resistance: $3.0874 🔼 / $3.1183 🔼
Support: $3.0444 🔽 / $3.0000 🔽
Current Price: $3.0528 📍
📉 Trade Setup – SHORT Entry:
Entry Zone: $3.06 - $3.07
Take Profits (TP):
TP1: $3.044
TP2: $3.000
TP3: $2.950
Stop Loss (SL): $3.12
🛡️ Risk Management:
Limit your position size to 1–2% of total capital, and always adjust your SL after TP1 to secure profits. Stick to your strategy, and avoid emotional decisions! ⚠️📊
#XRP #XRPUSDT #CryptoBearish #TechnicalAnalysis #TradeWithDiscipline #Write2Earn $XRP