$XRP /USDT Perpetual Trade Setup

XRP is in a clear downtrend. Price has dropped sharply and is now trading near the lower Bollinger Band (1.8836). It touched the 24h low of 1.8829 and is currently at ~1.8908, but momentum remains bearish as it stays below the middle band (1.9026).

Order book shows stronger asks (55.60%) than bids (44.40%) → selling pressure is dominant.

Recommended Setup: Bearish Bias (Short Position)

Rationale:

Downtrend intact

Rejection from middle Bollinger Band

Ask-side dominance in order book

→ High probability of continuation lower in the short term.

Take Profit Targets:

TP1: 1.8829 (recent low retest) → ~0.8–1%

TP2: 1.8637–1.8600 (next support zone) → ~3–4%

TP3: 1.82–1.80 on strong breakdown → 5–6%+

Trail stop below middle band once in profit

XRPUSDT

Perp

1.8951

+3.75%