$XRP Analysis – Bears Tighten Their Grip
XRP shows a clear bearish structure on the 15-minute chart. Prices have been forming lower highs and lower lows consistently, with strong red candles pushing towards new daily lows at 3.0356. Selling pressure is dominant, and there are no signs of a reversal.
Trading Plan – Short Setup
Ideal Entry: 3.040–3.045 on a slight pullback
Stop Loss: 3.062 above the last minor resistance
Target 1: 3.025 Short-term support
Target 2: 3.000 Major psychological support
Risk to Reward Ratio: Approximately 1:2.5 if the target is Target 2
Logic Behind the Trade
This is a classic setup for a continuation of the bearish trend after losing support at 3.0766. The consecutive bearish candles with small upward retracements show that sellers are in complete control. Momentum and volume confirm weakness.
Profit Potential
High, around 70%, if Bitcoin remains under pressure and the overall market sentiment stays negative. Any sudden rise in Bitcoin could limit the downside potential, so monitoring broader market conditions is important.