$XRP /USDT: Bearish Continuation
The XRP chart on the 15-minute timeframe displays a distinct bearish trend, with the price making lower highs and lower lows. The large red candles and the current low price of $2.0386, very close to the 24h low of $2.0341, suggest that selling pressure is unrelenting.
Trade Setup (Short/Sell):
Entry Range: $2.0450 - $2.0350 (Entering on a pullback or a break below the 24h low)
Target 1: $2.0150
Target 2: $2.0000
Target 3: $1.9800
Stop Loss (SL): $2.0650 (Above a recent minor swing high)
Short Outlook of Market:
The outlook is bearish. The price action indicates a strong move down. The 24h low is likely to be broken soon, which would confirm a continuation of the downtrend and target the $2.00 psychological support level
