📉 XRP Faces Pressure as Bearish Pattern Targets $2.00 ⚠️

After a solid 13.27% gain this month, XRP is now showing signs of weakness, trading around $2.34 as a head-and-shoulders pattern forms — often a precursor to deeper declines. 👀

🔍 Key Technical Highlights:

🔻 Dropped 3.38% from recent peak of $2.411

🔻 Multiple rejections at $2.40 — strong resistance

🔻 Critical $2.30 support now in play — break could lead to $2.00

🔻 Volume surged 23% above 24h avg as support failed

🔻 Price dropped to $2.326, marking session lows

🔻 Pattern of lower highs confirms selling pressure and distribution

🌐 Macro Pressure:

Global trade tensions + market volatility

Upcoming 1 billion XRP token unlock

CME XRP futures launch fails to lift sentiment

🧠 Analyst Insight:

“If XRP fails to hold $2.30, a drop to $2.00 becomes increasingly likely.” – Ali Martinez

📉 Eyes are on volume and price action near $2.30 — bounce or break?

#XRP #CryptoAnalysis #HeadAndShoulders #BinanceSquare