🚨💥 *XRP on the Brink: A Catastrophic Breakdown Unfolds* 💥🚨

The thread that held XRP's price together has snapped, and the consequences are dire. After piercing the critical $2.00 support, Ripple's price action has transitioned from precarious to alarmingly bearish, setting the stage for a potential plummet to $1... or even lower. 😱

*Breakdown Confirmed: A Death Sentence for XRP?* 💀

Last week's descending triangle pattern is unfolding with ruthless precision. With the breakdown confirmed, the pattern's measured move points to a staggering 68% drop, potentially sending XRP careening toward $0.67. The charts are screaming warnings:

📊 *RSI Plunges*: Diving deeper into the bearish zone, rapidly approaching oversold territory.

📊 *MACD Flashes Sell Signal*: A strong sell signal on the 12-hour chart, with widening bearish momentum.

🚨 *Support Levels in Peril*: $1.50 and $1.00 are now in play, and their fate hangs in the balance.

*Derivatives Market in Shambles* 🤯

According to Coinglass, XRP's derivatives market has sent another major red flag:

📊 *Open Interest Tanks*: A 16% drop to $3.07 billion, as bulls exit en masse.

💸 *Liquidations Spike*: $38.33 million in liquidations, with $34.63 million from long positions, reveals a rapid sentiment shift.

*Price Levels to Watch: Danger Zones Ahead* ⚠️

If the selloff accelerates, here's what to expect:

💸 *$1.50: The Next Soft Floor*: But it's unlikely to hold for long if volume keeps rising on the downside.

💸 *$1.00: The Key Psychological Support*: Break that, and $0.67 becomes the next probable destination.

🚫 *Recovery Above $2.10*: The only way to neutralize this setup, but for now, that seems out of reach.

Will XRP recover, or will it succumb to the bearish pressure? The fate of Ripple's price# hangs precariously in the balance. 🤔 #XRP #Ripple #Crypto #Breakdown #Bearish