$XRP at a Crossroads: Crash Incoming or Bounce Ahead?
⚠️ Critical Technical Zone – High Stakes for Traders!
🔍 Recent Technical Analysis Shows Strong Bearish Pressure
Key Highlights:
XRP broke key support, falling below the Ichimoku Cloud and the neckline of a Head and Shoulders pattern — a classic bearish reversal signal.
Pattern details:
Left Shoulder: $2.90
Head: $3.41
Right Shoulder: $3.00
Now trading near $1.70, showing weakness compared to its previous trend.
Expert Insights:
Josh Olszewicz suggests XRP could drop to $1.42 or even $1.16, based on Fibonacci extensions if the pattern is confirmed.
Jesse Colombo sees potential for a rebound at $1.80 if the drop turns out to be a false breakout, with a quick recovery of that zone.
📊 Updated Data:
Current Price: ~$1.74
24h Change: -4.8%
Key Support: $1.50 / $1.42
Immediate Resistance: $2.00
⚖️ Conclusion:
XRP stands at a technical crossroads. If the bearish pattern holds, price could fall to $1.16 or even $0.60 in a worst-case scenario.
But if it reclaims $1.80 and breaks $2.00, it might invalidate the bearish signal and kick off a new rally.
🛑 Recommendation:
Do not buy yet.
Wait for confirmation:
A clear drop below $1.50 for a lower entry, or
A solid recovery above $2.00 for a safer long position.