$XRP /USDT BEARISH SETUP - READY FOR A DOWNTREND CORRECTION

The $XRP/USDT pair is showing signs of bearish momentum after failing to sustain above key resistance near 3.33. The price has pulled back from the recent high and currently hovers near the support zone at 3.12-3.13, signaling potential continuation of the downside pressure.

SHORT ENTRY: Initiate a short position on a confirmed break below 3.13 with increased selling volume.

TARGETS:

TP1: 3.08 — near previous minor support

TP2: 3.03 — significant support level from past price action

STOP LOSS: Place SL above 3.18 to protect against sudden bullish reversals.

Risk Management: Use a tight stop loss and keep position size limited to 1-2% of capital. Monitor volume closely; high selling volume confirms trend continuation, while low volume could signal a reversal. Always be prepared to exit if price closes back above resistance decisively.

This setup favors cautious short-term traders looking to capitalize on the expected bearish retracement in $XRP/USDT.

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