Technical analysis by shkspr about Symbol XRP: Sell recommendation (8/19/2025)

XRPUSD XRPUSD Daily – Bearish Continuation in Play Trend Structure Market printed a Higher High near 3.66 but failed to sustain momentum. Recent price action has shifted into a sequence of Lower Highs, confirming bearish control. Current structure shows LH → LL pressure, with momentum pointing lower. EMA Context Price is already below the 9 EMA, confirming short-term weakness. The 35 EMA has failed to hold as support. The 100 EMA aligns with demand and marks a critical inflection point. Fib + Key Levels 38.2% retracement at 2.995 has been broken — bearish confirmation. 50% retracement at 2.788 is the near-term magnet. 61.8% retracement at 2.580 is a strong support cluster with EMA + demand zone. Targets TP1: 2.247 (aligns with 78% retracement + demand) TP2: 1.909 (major liquidity zone and deeper correction target) Invalidation A daily close above 3.25–3.30 would weaken the bearish thesis and shift focus back to range consolidation. Bias Short-term to mid-term bearish. Expecting continuation toward 2.78 → 2.58 first, with potential extension into 2.24 and 1.90 if supports fail.TP1, TP2 hit