$XRP Breaking Down – Bears Tighten Their Grip
XRP is showing a clear bearish structure on the 15-minute chart. Price has been forming consistent lower highs and lower lows, with strong red candles pushing toward fresh intraday lows at 3.0356. Selling pressure is dominant, and no reversal signs are present.
Trade Plan – Short Setup
Ideal Entry: 3.040–3.045 on a minor pullback
Stop Loss: 3.062 above the last minor resistance
Target 1: 3.025 near-term support
Target 2: 3.000 key psychological support
Risk-Reward: Around 1:2.5 if aiming for Target 2
Logic Behind the Trade
This is a classic downtrend continuation setup after losing the 3.0766 support. Consecutive bearish candles with small bullish pauses show sellers are in full control. Momentum and volume confirm the weakness.
Profit Probability
High, around 70%, if Bitcoin stays under pressure and market sentiment remains negative. Any sudden BTC bounce could limit downside potential, so monitoring broader market conditions is important.