$XRP USDT short trade signal 🚦 🛑
BEARISH MOVE IN PLAY – SUPPLY ZONE REJECTION SIGNALS DOWNSIDE PRESSURE!
$XRP is currently trading at 2.4101, showing a strong rejection from the supply zone near 2.4318 – 2.4341. The price failed to hold above the key resistance level at 2.4200 and is now forming lower highs, indicating potential downside continuation toward the next support area.
Trade Setup:
Short Entry: 2.4100 – 2.4200
Take Profit Targets: 2.3900 / 2.3750 / 2.3675
Stop Loss: Above 2.4345
Market Outlook:
If bears maintain momentum below the 2.4200 rejection level, we may see continued pressure pushing price toward the 2.3675 zone. Any bullish recovery must first break above 2.4340 to invalidate this bearish setup.
Risk Management:
Always use a stop loss and risk only 1-2% of your capital. Protect your capital and stay disciplined.
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