Sell trading signal on pair $XRP /USDT 🚦 🛑
Downward collapse - Increasing pressure with lower lows forming!
The pair $XRP is facing continuous selling pressure on the four-hour chart, forming lower highs and testing the support level of $2.2660. The price has failed to regain the resistance level of $2.35 and is now struggling to drop below $2.30. The momentum remains weak, indicating the possibility of further declines if the current level breaks.
Trading settings:
Entry price (Sell): $2.29 - $2.31
Take profit price (TP): $2.23 / $2.17
Stop loss price (SL): $2.36
Market outlook:
The structure of XRP indicates a continuing downward trend, with no strong buying volume so far. A drop below $2.26 could accelerate the decline. Caution is advised for buy trades unless a reversal pattern forms.
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