$XRP
🚨XRP/ETH Flashes Bearish Signal🚨
XRP price could record dips after the XRP/ETH ratio flashed a bearish signal. This ratio has created a rounding top pattern, which suggests that a reversal of the current trend from bullish to bearish was looming and likely to happen. This pattern formed after the ratio started to drop in April, following a notable uptrend between Q4 2024 and Q1 2025.
The key support lies at 0.00085, and at press time, Ripple had already broken below this level, with the downtrend set to continue to 0.00052, which will be a 40% crash from the current level. The RSI also shows that the momentum is bearish, suggesting that XRP’s price faces the risk of dropping further.
The ongoing downtrend that led to the formation of a rounding top also suggests that traders are shifting their attention from other altcoins to Ethereum. This may be caused by the ongoing interest around Ethereum-focused treasuries following the recent 176,000 ETH purchase by Sharplink Gaming.
