XRP is the native digital asset on the XRP Ledger (XRPL), originally created for payments. XRP is primarily used to facilitate transactions on the network and to bridge.
Professor Mike Official
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Bearish
$XRP /USDT – PERFECT SHORT TRADE ENTRY OPPORTUNITY!! BEARS TAKING CONTROL FAST!!🔥💯
After failing to hold above the 2.08 resistance zone, $XRP has sharply broken down with strong bearish candles forming consecutively. The rejection from the highs confirms a momentum shift, making this an ideal opportunity for a short setup.
Market Outlook: Momentum is clearly favoring sellers right now. Any attempt to push higher has been met with heavy rejection, and with a new lower high forming, this move could extend further to retest key support levels.
Pro Tip: Keep your SL tight above 2.0760 and monitor volume closely. If volume spikes during breakdown, consider scaling in further!