$XRP /USDT Short Opportunity Alert ⚠️📉
A sharp and rapid surge in XRP price has pushed it into a critical resistance zone around $3.12, but momentum is fading, especially on shorter timeframes. This steep upward move signals potential exhaustion, often paving the way for a correction. Early sellers are now entering, aiming to capitalize on a possible pullback before the rally loses steam.
Short Position Setup:
Entry Range: $3.105 to $3.120
Take Profit Targets:
1️⃣ $3.045
2️⃣ $3.010
3️⃣ $2.965
Stop Loss: $3.125
Market Summary:
$XRP appears to be topping out after a strong parabolic rally. Technical indicators, including RSI, indicate overbought conditions, and price is facing previous supply levels. Unless buyers can push above $3.125 with strong volume, a corrective phase seems imminent. A confirmed break below $3.09 would likely accelerate the downside momentum.
Trade carefully and monitor volume closely to confirm the trend direction.