XRP/USDT 1H: Bears in Control – Next Stop $2.50? 
2025-02-03
Category: None

XRP/USDT 1H Chart Analysis
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Market Condition: 
 
 Price: $2.608, showing bearish momentum after breaking previous support.
 Market Structure: Clear lower highs and lower lows, confirming a bearish trend.
 RSI: 34.11, oversold but no clear bullish divergence yet.
 
 Key Levels: 
 
 Resistance: $2.90 (previous support now resistance).
 Support: $2.50 (psychological level).
 Premium Zone: $3.10 - $3.15.
 
 Smart Money Analysis: 
 
 Market Makers in Distribution Phase, pushing price lower.
 Heavy Selling Pressure with clear institutional footprints.
 Confidence Level: 8/10 for short setup.
 
 Trade Setup (Short Bias): 
 
 Entry: $2.65 - $2.70 on relief bounce.
 Targets:
 T1: $2.50.
 T2: $2.35.
 Stop Loss: $2.85 (above recent swing high).
 Risk Score: 7/10 (Favorable R:R).
 
 Recommendation: 
 
 Wait for a relief bounce to $2.65 - $2.70 before shorting.
 Market structure suggests further downside likely.
 If price breaks $2.50, expect increased momentum downward.
 
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