Jesse Colombo, a widely followed financial analyst, is sounding the alarm on XRP. He’s spotting a head-and-shoulders pattern—a classic bearish setup that has often foreshadowed sharp declines.
📉 Key Warning Signs:
• $2 Neckline – Make or Break: XRP’s current support at $2 is critical. A close below this level could trigger a swift and severe sell-off.
• 18% Crash Already: XRP once surged near $3, but it’s now plunged to around $2.23, reflecting significant early losses.
• Panic Selling Risk: Colombo warns that if the pattern breaks, it could spark mass liquidations across the market.
🚀 Will Buyers Step In?
Despite the bearish signals, the $2 level remains a pivotal support. If buyers rally to defend this floor, there’s potential for a stabilization and eventual rebound.
🔥 Colombo’s Candid Take:
In a harsh twist, Colombo argues that “crypto gamblers should be punished”—a sentiment that underscores his expectation for a deeper correction in XRP’s price.
💬 What’s Your Take?
Do you believe XRP will bounce back, or is a major crash on the horizon? Drop your thoughts below! 👇📊
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