$XRP /USDT BEARISH BREAKDOWN š | POTENTIAL SHORT SETUP AHEAD šØ
XRP is currently trading at $2.7717 (-0.60%), showing weakness after failing to reclaim the recent high of $2.9750. The price action is leaning bearish with signs of rejection at key resistance.
š KEY LEVELS
šŗ Resistance:
$2.9750 (24h High)
$2.90 (Previous consolidation area)
$2.85 (Local resistance zone)
š» Support:
$2.70 (Psychological support)
$2.6596 (24h Low)
$2.60 (Major demand zone)
š TRADE SETUP ā SHORT ENTRY
Entry: $2.77 - $2.79
Stop Loss (SL): $2.83 above resistance
Take Profits (TP):
ā”ļø TP1: $2.70
ā”ļø TP2: $2.66
ā”ļø TP3: $2.60
š¼ RISK MANAGEMENT:
šø Use 1-2% of your capital per trade
šø Stick to the SL ā do not overleverage
šø Adjust position size based on risk-reward (minimum 1:2)
ā ļø Bearish pressure increasing ā watch for breakdown below $2.70!
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