$XRP #/USDT — BEARISH BREAKDOWN WITH PARTIAL RELIEF BOUNCE
XRP has crashed from 3.3512 to 2.9915, breaking below all major EMAs in a single strong move. Although there’s a small bounce toward 3.10, the overall structure remains bearish unless price reclaims 3.20. Sellers are still in control, and another leg down is possible if buying momentum fades.
Trade Setup (Short):
Entry Zone: 3.09 – 3.12
Take Profit 1: 3.03
Take Profit 2: 2.98
Stop Loss: 3.17
Market Outlook:
XRP’s bounce appears corrective after a steep drop, with EMAs still pointing downward. A failure to break above 3.20 could invite renewed selling pressure toward the sub-$3 zone. Caution for aggressive longs until a trend reversal forms.
#XRP #BearishTrend #CryptoTrading #PriceAction #Binance
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