$XRP
XRP/USDT Trade Signal: SELL ALERT – Downtrend Strengthening!
XRP is currently trading at $2.6983, showing significant bearish momentum after a rejection from resistance at $2.7271. The strong red candle with increased volume indicates sellers are in control, and further downside is likely.
Key Levels to Watch:
Resistance: $2.7271 – A break above this could invalidate the bearish trend.
Support: $2.6880 – If broken, expect further downside toward $2.65.
Trade Setup: Short Position
Entry: Around $2.6980
Targets:
1. $2.68
2. $2.65
Stop-Loss: Above $2.73 to minimize risk.
Market Insight:
The bearish divergence in momentum indicators (e.g., Stochastic crossing downward) and increased sell volume confirm selling pressure. A short position is suitable under current conditions. Monitor for a break below support to confirm the move.
