$XRP /USDT Bearish Wave Building – Will $2.27 Hold the Line?
Current Price: $2.3038
XRP is currently showing bearish momentum after testing $2.4663 (24h high) and sliding toward the current level. The RSI is at 28.95, suggesting an oversold condition with potential for further downside pressure.
Key Levels to Watch:
Resistance: $2.35 – A recovery above this level could signal bullish strength.
Support: $2.27 – Critical level; a break below may push XRP further toward $2.20.
Short Entry:
Entry Zone: Below $2.30
Targets:
1. $2.27
2. $2.20
Stop Loss: $2.35
Market Insight:
The MACD shows increasing bearish momentum with red bars, while volume indicates selling pressure. Watch for price action near $2.27 for a potential breakdown.