$XRP /USDT BEARISH TECHNICAL ANALYSIS — PREPARE FOR DOWNSIDE MOVEMENT ⚠️📉
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Current Price: $2.10 🔻 (-4.79%)
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🔑 Key Levels:
Resistance:
$2.22 (24h High & strong MA99 resistance at 2.17)
$2.18 (recent rejection zone)
Support:
$2.06 (24h Low & critical support level)
$2.05 (psychological floor)
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📊 Market Insight:
Price has dropped sharply, breaking below the short-term moving averages MA(7) & MA(25) near $2.096 — signaling bearish momentum. The failure to hold above $2.10 and proximity to the $2.06 support hints at further downside risk if sellers dominate.
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💼 Trade Setup: SHORT ENTRY
Entry: Around $2.10 - $2.09
Take Profit (TP):
TP1: $2.06 (immediate support)
TP2: $2.03 (next support zone)
Stop Loss (SL): $2.16 (above recent resistance to avoid false breakouts)
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⚖️ Risk Management:
Use a 1:2 risk-to-reward ratio or better.
Keep position size small if volatility spikes.
Adjust SL dynamically if price action reverses or breaks above resistance.
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Stay alert! Market shows bearish pressure, but key supports will decide if a bounce or further decline unfolds. Trade smart and manage risk! 🚀📉
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