📉 $XRP : DOWNTREND
• Trading Plan (Short):
• Entry: $2.0200- $2.0600
• Stop Loss (SL): $2.1200
• Take Profit (TP): $1.9800 and $1.9300
• Key Resistance/Support: The EMA(50) at $2.1147 is acting as a strong dynamic ceiling, consistently rejecting price movements.
• Indicators: RSI is oversold (16.39), confirming potential move for a short-term bounce before continuation. MACD is deep below zero (MACD: -0.0109), validating strong bearish momentum.
• Outlook: Failure to hold $2.0000 (psychological level) will likely push XRP down to retest the $1.8200 low. A break below that level targets the $1.7500 region.
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