Technical analysis by NakamotoZzzz about Symbol XRP: Sell recommendation (21 hour ago)

AI Trade Setup Analysis Timeframe: 4H (Four Hour) Position Type: Short (Sell) Entry Point: 3.1931 Positioned exactly between the stop loss and take profit zones, marking the breakdown level from a recent range structure. Stop Loss (SL): 3.3600 Placed above the recent swing high and consolidation ceiling to protect against a false breakdown. Risk is approximately +5.23% from entry. Take Profit (TP): 2.8200 Target set at a major support level, offering a potential downside of around -11.68% from entry. Risk/Reward Ratio: 2.24 A solid setup offering more than double the reward compared to the risk. Technical Outlook: XRPUSDT has broken below its recent range floor with strong bearish momentum, signaling potential for further decline. The breakdown from this consolidation zone increases the probability of continuation toward the $2.82 support. Bearish Scenario: Continuation of selling pressure below 3.1931 could lead to a move toward 2.8200. Bullish Invalidation: A sustained close back above 3.3600 would negate the breakdown setup and could trigger a reversal. Summary: This trade setup aims to capitalize on a confirmed breakdown from range support, with a well-defined stop above resistance and a target at the next key support, supported by a favorable risk/reward profile.