short technical analysis for $XRP

/USDT with potential trade signals and three target levels:

XRP/USDT Technical Analysis

Current Price: $2.31

Trend: Bearish (4.70% decrease in the last 24 hours)

Support Level: $2.2788

Resistance Level: $2.4683

Trade Signals

Momentum: Bearish momentum is observed, but there are signs of possible reversal as price approaches support at $2.2788.

Target Levels 🎯

1. Target 1: $2.47 (Resistance, possible retracement)

Rationale: If price shows strength and breaks above the current resistance, this level is a potential short-term target.

2. Target 2: $2.35 (Mid-range)

Rationale: A potential bounce from the support at $2.2788 could push the price back towards this level.

3. Target 3: $2.28 (Support, strong buy signal)

Rationale: If the price continues to fall, watch for a strong support reaction at this level to possibly enter long positions.

Trade Momentum

Watch for increasing volume as confirmation for a breakout or a reversal. If the price breaks resistance with high volume, consider a long position. Conversely, if it dips below support, a short position might be warranted.

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