$XRP /USDT TECHNICAL ANALYSIS – BEARISH PRESSURE EMERGING
$XRP /USDT is showing early signs of bearish momentum after failing to sustain above key resistance levels. The MACD is trending downward, and short-term EMAs are signaling a potential decline. Bollinger Bands indicate increased volatility, suggesting a possible continuation of the downtrend.
Short Entry: 2.100 – 2.110
Target 1 (TP1): 2.070
Target 2 (TP2): 2.040
Stop Loss (SL): 2.125
Risk Management: Keep positions moderate, use strict SL to limit losses, and consider scaling out partial positions at TP1 to secure profits.
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XRPUSDT
Perp
2.0776
-0.55%