📉 $XRP Price Risks 40% Drop vs ETH Despite Intraday Gains ⚠️
📊 XRP is up 4.28% today, trading at $2.25 with volumes jumping 50% to $2.6B. But on higher timeframes, bearish pressure lingers — especially in the XRP/ETH ratio, which signals a sharp reversal.
🔻 The XRP/ETH chart has formed a rounding top, hinting at a bearish trend shift. The ratio has already broken below the key 0.00085 support, with downside targets at 0.00052 — implying a 40% crash vs Ethereum.
💥 This trend suggests traders are rotating into ETH, driven by institutional demand like Sharplink Gaming’s 176K ETH buy. XRP risks losing investor focus unless bulls regain control.
🛡️ On the price chart, XRP is trying to defend a long-held support zone. If it breaks out above the Bollinger band resistance at $2.32, a push to $2.60 could follow.
📉 But bears are pressuring hard. The AO indicator shows growing selling momentum, and if support fails, a drop to $1.63 may occur — aligning with previous bearish projections.
📈 Upside remains possible if buyers step in soon. A bounce from this zone could target $2.60–$3.00, but the technicals still favor caution for now.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.