Analysis and Recommendation

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$XRP /USDT – Bears Reject $3.10 Again

XRP attempted to push higher but faced strong rejection at $3.0969, failing to stay above the psychological level of $3.10. Subsequently, sellers stepped in and pulled the price back below $3.00, now trading around $2.993.

Key Levels

Resistance: $3.05 – $3.10

Support: $2.94 – $2.96

Breakdown Zone: Below $2.93 may increase losses

Trade Setup

Long Entry: Only on a clear break above $3.12 with strong volume

Short Entry: If the price fails to reclaim $3.00 and closes below $2.99

Upside Target: $3.20 – $3.28

Downside Target: $2.97 – $2.95

Stop Loss: Keep a stop loss near $3.05 if you are short, or $2.92 if you are long

Baseline

XRP is still unable to hold above $3.10, indicating that bears are still in control. If bulls fail to defend $2.94, there may be greater downward pressure.

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$XRP