Here’s a technical short (bearish) setup for XRP/USDT based on current info and what looks actionable in the 15-minute / 1-hour frames:
XRP is encountering resistance in the $3.05-$3.10 zone. Multiple rejections here make it a ceiling that bears may respect.
Support is weaker around $2.80-$2.90. Losing the $2.80 area looks dangerous.
Trading volume has not been overwhelmingly bullish—momentum seems to struggle crossing resistance. Sellers appear active around those higher levels.
⚠️ Things to Watch / Risk
Must see confirmation: either a candlestick rejection (like a bearish pin-bar, engulfing, or double top) near that resistance, or a breakdown below support with volume.
If XRP instead breaks above $3.10 or $3.20 with strong volume, the short becomes invalid / risky.
Monitor broader market direction (BTC / ETH moves, macro news) as XRP tends to follow those pulls.
XRP is encountering resistance in the $3.05-$3.10 zone. Multiple rejections here make it a ceiling that bears may respect.
Support is weaker around $2.80-$2.90. Losing the $2.80 area looks dangerous.
Trading volume has not been overwhelmingly bullish—momentum seems to struggle crossing resistance. Sellers appear active around those higher levels.
⚠️ Things to Watch / Risk
Must see confirmation: either a candlestick rejection (like a bearish pin-bar, engulfing, or double top) near that resistance, or a breakdown below support with volume.
If XRP instead breaks above $3.10 or $3.20 with strong volume, the short becomes invalid / risky.
Monitor broader market direction (BTC / ETH moves, macro news) as XRP tends to follow those pulls.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.