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

$XRP is flashing warning signals again! Currently trading at $2.9765 (-1.40%), the price has been rejected multiple times from the key $3.05–$3.10 zone. Weak price action and failure to reclaim key moving averages are putting sellers in control.

🔍 KEY LEVELS

Current Price: $2.9765

Support Zones:

• $2.9349 – minor intraday support

• $2.8920 – critical breakdown level

Resistance Zones:

• $2.9901–$3.0453 – short-term resistance

• $3.0799 – MA(99), strong long-term barrier

• $3.1005–$3.1557 – major rejection zone

📊 MOVING AVERAGES

MA(7): $2.9701 (just below current price – fragile support)

MA(25): $2.9803 (acting as near-term resistance)

MA(99): $3.0799 (long-term rejection point)

⚠️ BEARISH OUTLOOK

Price has formed a double top near resistance and is now squeezed between MA(7) and MA(25). If $2.8920 breaks, we could see a sharp decline.

💣 SHORT TRADE SETUP

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

Stop Loss: $3.08 (above MA(99) + recent highs)

Targets:

• TP1: $2.934

• TP2: $2.892

• TP3: $2.820 (if momentum accelerates)

📌 RISK MANAGEMENT

Risk only 1–2% of capital

Maintain 1:2 R/R or better

SL to breakeven after TP1

Avoid low-volume or news-spike entries

🧠 SUMMARY

$XRP is struggling below the $3.00 psychological barrier. Price action favors the bears, and a clean short opportunity is forming. A breakdown below $2.89 could open the door to deeper targets.

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