XRP/USDT Trade and Technical Analysis! 🚨 Riding the short-term downtrend. Here’s a quick technical look.
Current Price: 2.85184 Trend:Bearish (15m TF)
Key Levels: ⚡Resistance (S/L): 2.8950 (above MA5) 🎯Target 1: 2.7870 🎯Target 2: 2.7655
The Setup: Price is trading firmlybelow its MA5, which is acting as dynamic resistance. The MACD is confirming the bearish momentum, with both the DIFF and DEA lines submerged below zero. This points to a classic downtrend continuation pattern, suggesting lower highs and lower lows are likely.
This is a short-term play on the existing momentum. Always manage your risk!
Probability: Medium-High for a move south. Remember, the 15m TF is noisy!
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