#PowellRemarks #CryptoTariffDrop #NextCryptoETFs?
#xrp $XRP Crash Incoming? Bearish Pattern Hints at a Brutal 25% Drop!
Consider Current Downtrend:
XRP has already dropped over 35% since its peak of $3.40 in January. A bearish "inverse cup and handle" pattern suggests the worst may not be over yet.
Trump's Global Tariff Fears:
Rising concerns over Trump’s global tariffs and the Fed’s slightly hawkish stance are dampening overall risk sentiment—posing an additional threat to XRP’s price stability.
Key Levels to Watch Out:
Support zone: $2.05–$2.20 (handle support)
Potential breakdown target: $1.58 (projected from the inverse cup and handle)
Invalidation Levels:
A strong close above $2.14 (50-period 4h EMA) could invalidate the bearish setup.
Confirmation Levels:
A clean breakdown below $2.05 (handle support) confirms the inverse cup and handle and opens the path to $1.58.
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Full details here: XRP sell-off warning on TradingView
