$Market Trend: Bearish | Trade Setup: Sell on Rallies
Trade Signal
Entry 1: Sell near $3.0455 (around the Bollinger Band middle line)
Entry 2: Sell on a bounce to $3.0500 (if it happens)
Why This Trade?
XRP is showing weakness here. It closed the session down and is struggling to stay above key levels. The price is sitting near the lower part of the Bollinger Bands, suggesting selling pressure. With no strong bullish signs right now, a move down to test lower supports seems likely.
Support & Resistance Levels
Resistance 1: $3.0455
Resistance 2: $3.0566
Support 1: $3.0344
Support 2: $3.0200
Short Market Update
XRP is trading flat but in the red for this session. The volume looks average, meaning there's no big push from buyers. It needs to break above the $3.056 resistance to change the short-term bearish mood. For now, caution is advised on long positions.
