$XRP /USDT – BEARISH BREAKDOWN IN PLAY 📉🔥
🔍 Technical Analysis:
$XRP is currently trading at $2.1438, down -4.05%, and showing bearish momentum after failing to hold above the key resistance levels. The recent price action suggests a breakdown below moving averages, especially the MA(25) at $2.1688 and MA(99) at $2.2566, confirming short-term weakness.
📊 Key Levels:
Resistance:
🔺 $2.1688 (MA25)
🔺 $2.2566 (MA99 / Previous Top)
Support:
🔻 $2.0828 (24h Low)
🔻 $2.0716 (Next Major Support)
💼 Trade Setup – SHORT Entry:
Entry: $2.1400 (current zone)
Take Profit (TP):
✅ TP1: $2.0820
✅ TP2: $2.0710
Stop Loss (SL): ❌ $2.1690 (above MA25)
📉 Indicators Signal:
MACD: Bearish crossover ➡️ Selling pressure increasing
MA Alignment: Short-term MAs trending below long-term ➡️ Bearish bias
Bollinger Bands: Widening downwards ➡️ Expect volatility
🛡️ Risk Management:
🔹 Use max 1-2% of your capital per trade
🔹 Stick to SL to avoid emotional exits
🔹 Trail your stop if TP1 is hit for extended gains
⚠️ Caution: Market sentiment remains weak, stay agile and avoid over-leverage!
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