XRP flashes crash signal with drop to $2 in sight
XRP’s ongoing sell-off is exposing the asset to a possible retest of the $2 support zone, as hinted by technical formations. Notably, at the time of reporting, the impact of the broader market sell-off had plunged XRP into daily losses of over 3%. Over the past week, the asset has dropped 4.5%, settling at $2.31. XRP seven-day price chart. Source: Finbold Now, XRP’s one-hour chart is forming a bearish head-and-shoulders pattern, with a potential breakdown targeting the $2 level if current support fails, as prominent cryptocurrency trading expert Ali Martinez observed in an X post on May 19. According to the Analysis , the pattern’s neckline rests near the $2.30 support zone, which XRP is now testing. XRP price analysis chart. Source: TradingView/Ali_charts The head-and-shoulders pattern is widely regarded as a reversal signal, often marking the end of a bullish trend. In XRP’s case, the “left shoulder,” “head,...
