Lingrid | XRPUSDT Bearish Pressure Continues

Oct 18

XRPUSDT continues its decline within a well-defined downward channel after facing rejection near the resistance trendline. The pair remains trapped under a bearish structure marked by lower highs and lower lows. Unless it breaks above 2.50, the bias stays bearish with potential continuation toward 2.10. Overall momentum reflects sustained selling pressure as the market follows its descending trajectory.

⚠️ Risks:

• A sudden shift in BTC sentiment could invalidate the bearish setup.
  
• A breakout above 2.45 would signal a reversal toward 2.83.
  
• Unexpected regulatory or liquidity events could distort short-term technical flows.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

Oct 23

Trade active

My resistance level held the price down nicely. And now it's below the resistance line. A great start for selling.