$XRP — BEARISH BREAKDOWN HOLDING BELOW KEY RESISTANCE
XRP/USDT is struggling to recover after a sharp intraday drop, currently hovering near 3.1258. Sellers remain dominant, and price is still capped below the 3.2161–3.2617 resistance zone. Unless bulls reclaim this area quickly, further downside toward the 3.05–3.00 zone remains possible.
Trade Setup (Short Bias)
Entry Zone: 3.13 – 3.16
Take Profit 1: 3.08
Take Profit 2: 3.02
Stop Loss: 3.27
Market Outlook:
Momentum remains weak after the breakdown, with selling pressure outweighing buy demand (71% bids mostly defensive). If 3.00 breaks, we could see acceleration to deeper lows. Only a breakout above 3.27 would neutralize this short-term bearish bias.
