$XRP /USDT BEARISH ANALYSIS – SHORT SETUP NEAR MAJOR REJECTION ZONE

XRP is currently trading at $2.9765 (-1.40%), showing signs of weakness after multiple rejections from the $3.05–$3.10 zone. Price action is leaning bearish as it fails to reclaim key moving averages.

🔍 KEY LEVELS:

Current Price: $2.9765

Support Levels:

$2.9349 (recent minor support)

$2.8920 (24h low and critical breakdown zone)

Resistance Levels:

$2.9901 – $3.0453 (short-term resistance)

$3.0799 (MA99 – strong long-term barrier)

$3.1005 – $3.1557 (major rejection zone)

📉 MOVING AVERAGES:

MA(7): $2.9701 (Current price hovering just above – fragile)

MA(25): $2.9803 (Just overhead, acting as resistance)

MA(99): $3.0799 (Strong long-term rejection zone)

⚠️ BEARISH OUTLOOK:

XRP has consistently failed to hold above the $3.05–$3.08 zone, forming a double top-like structure near resistance. Price is now squeezed between the MA(7) and MA(25), leaning towards a bearish breakdown, especially if $2.8920 is breached.

💣 TRADE SETUP (SHORT):

Entry: $2.97 – $2.99 (ideal entry on weak bounce)

Stop Loss (SL): $3.08 (above MA(99) and 24h highs)

Targets (TP):

TP1: $2.934

TP2: $2.892

TP3: $2.820 (if momentum intensifies)

📌 RISK MANAGEMENT:

Use 1–2% of your capital only.

Risk/reward should be 1:2 or better.

Move SL to breakeven after TP1.

Avoid entries during sudden spikes or low volume hours.

📉 SUMMARY:

$XRP is showing bearish signs below the $3.00 psychological barrier, failing to reclaim important resistance zones. A clean short setup is forming with downside targets near $2.89–$2.82 if the current structure breaks.

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