$XRP Analysis
Observations:
The price is below all key moving averages (MA 7, 25, 99), indicating a bearish trend.
The short-term MA (7) is below the medium-term MA (25), confirming downward momentum.
The candles show consistent lower lows and lower highs, signaling continued selling pressure.
Volume is moderate, no huge spikes suggesting a reversal yet.
Conclusion:
The current structure favors a short/continuation of the downtrend.
A long could be risky unless there’s a strong reversal signal (like bullish engulfing with volume or support hold near $2.80–2.81).
Trade Idea:
Short: Enter on a pullback toward $2.85–2.87 with stop above $2.90.
Target: $2.75–2.72 for a conservative short.
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