XRP is currently in a descending triangle pattern on the daily chart, with the market showing signs of continued downward movement. For traders, it may be advisable to consider a short-term bearish strategy at this time.

It is recommended to establish a short position near $2.76. If the price rises to around $2.79, consider increasing the short position. The initial target price is set in the range of $2.67 to $2.65, and if the downward momentum strengthens, it may even test the support level of $2.50.

However, investors should be aware that the cryptocurrency market is highly volatile and carries significant risks. Before making any trading decisions, it is essential to conduct thorough market research and risk assessment. At the same time, it is important to closely monitor market changes and adjust strategies accordingly.