📊 Candlestick Pattern

The highlighted area shows support and resistance zones. Recently, the price broke below the support zone (~2.98–3.00 USDT), which has now turned into resistance. After the breakdown, small-bodied candles appeared, indicating indecision (possible consolidation).

This resembles a Bearish Breakout + Small Consolidation (possible Bear Flag / Bearish Continuation) pattern.

What It Means

Support Break: The price fell below a key support zone, signaling sellers are in control.

Retest: Price attempted to go back up, but sellers defended the resistance, confirming weakness.

Consolidation: The small candles show indecision, but since it comes after a bearish move, it often signals a continuation to the downside.

Next Level The next strong support zone is highlighted lower (around 2.75–2.78 USDT).

For Traders

Bearish Bias: If price stays below the broken support (~3.00), bears likely continue pushing price lower.

Confirmation Needed: A strong bearish candle breaking below recent consolidation will confirm further downside.

Bullish Case: Only if price reclaims above 3.00 with volume, then bulls might regain control.

📌 In summary: This is a bearish continuation setup unless #xrp reclaims the broken support.

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