🚨🚨XRP price is showing a risky pattern is a big drop coming soon 🚨🚨
XRP fell on Monday, hitting a key support level and suggesting it might drop more soon. XRP went down to $2.40, nearly 30% less than its highest point this year, putting it in a bear market.
This drop happened as the overall crypto market is weaker, with Bitcoin staying under $100,000.
The crypto fear and greed index is now at 38, indicating fear, and the altcoin season index is also down.
Also, XRP has created a head and shoulders pattern, which consists of two shoulders, a neckline, and a head. The price now rests at the slanted neckline, matching a strong pivot point from the Murrey Math Lines.
This suggests a strong drop is likely, with the next key level at $1.79, the lowest price this month, it could lead to further declines, with the next support level positioned at $1.6130.
Conversely, the bearish outlook would be invalidated should XRP manage to rebound above the weak stop-and-reverse level at $2.735.
Thank you for your time... Don't forget to follow the channel$XRP