May your orders be executed quickly, commissions be minimal, and the profitability of each trade bring satisfaction and bring you closer to your financial goals. I wish you patience and endurance

Source: Cointelegraph
Original: (XRP price faces risk of falling to $2, classic bearish chart pattern confirmed)

Key Point Summary:

XRP could fall to $2 after breaking down from the classic head and shoulders pattern.

The decrease in XRP futures open contracts indicates a weakening of trader confidence.

The XRP price is sending warning signals as bearish technical patterns on lower timeframes are confirmed, alongside massive long liquidations and a decrease in open contracts.

Since May 9, the XRP price has formed a head and shoulders (H&S) pattern on its 4-hour chart, suggesting a potential downward trend.