🔻 XRP/USDT Bearish Trade Setup

XRP has once again failed to break above the key resistance at $2.2817, forming consistent lower highs and a strong bearish engulfing pattern on the intraday chart. This price action signals increased selling pressure and a potential shift in momentum to the downside.

Take Profit Levels:

• TP1: $XRP

XRPUSDT

Perp

1.4857

-2.26%

2.2500

• TP2: $BTC

BTCUSDT

Perp

67,783.8

-1.77%

📊 Technical Outlook:

The momentum favors bears as price action remains suppressed below the resistance. Repeated rejections and bearish candles indicate strong seller conviction. If this zone continues to hold, a drop toward lower support levels appears likely.

🧭 Bias: Bearish

🕐 Timeframe: Intraday to Short-Term Swing