$XRP
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XRP/USDT Scalping Trade
The price of $XRP is currently displaying bearish momentum on the 15-minute timeframe. The chart highlights the following key points:
Resistance Zone: Around 2.5800, indicating strong selling pressure at higher levels.
Support Zone: Near 2.5000, where price could potentially test after a breakdown.
Trendline: The rising trendline is currently providing temporary support. However, a break below this level will signal further downside.
Your target near 2.4927 is achievable if the price continues its downward move, as the structure is bearish with lower highs being formed.
outlook: I am bearish on XRP in this scalping setup due to the clear downward momentum and lack of strength at resistance.