$XRP /USD – Double Top (Eve) Breakdown $XRP Setup 📉
| XRPUSDT (Perp)
Current Price: 2.508 ▼ -0.15%
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1️⃣ Pattern Overview
XRP is forming an Eve Double Top — a bearish reversal pattern suggesting potential downside momentum.
The setup is taking shape between 2.70 resistance and 2.35 support, highlighting strong rejection near the top zone.
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2️⃣ Key Technical Zones
Resistance (≈ 2.70):
Price tested this level twice, forming the two “Eve” peaks and confirming strong selling pressure.
Support (≈ 2.35):
Acts as the neckline of the pattern — a decisive level for bearish confirmation.
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3️⃣ Price Behavior
After the second peak, XRP began to roll over, completing the rounded top structure.
A neckline retest near 2.48–2.45 now determines whether bears can confirm a full breakdown.
The measured move target projects a decline toward 2.35 if the pattern plays out.
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4️⃣ Possible Scenarios
🔻 Bearish Case:
A confirmed break below 2.48 → 2.45 could trigger a drop toward 2.35.
🔹 Bullish Invalidation:
A rebound and close above 2.55–2.60 would negate the breakdown and suggest a short-term recovery.
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5️⃣ Summary
Market Bias: Bearish
Breakdown Trigger: Below 2.48
Target Zone: 2.35
Invalidation: Above 2.60
📊 XRP is testing key neckline support. A decisive move below 2.48 may confirm the Double Top breakdown and open the next leg lower.