⚡ Will XRP Collapse? The price is threatened to drop to $2!
🧭 A classic technical model has broken support... and market indicators are warning of a sharp correction.
🔍 After breaking the neckline at $2.33, the head and shoulders pattern has confirmed on the four-hour chart. The price is close to $2.30, and eyes are on $2.25, and if the decline continues, the technical target is $2.00.
💼 Confidence is collapsing. Open contracts on XRP have decreased by a billion dollars in just 5 days, and $12 million in buy orders were liquidated within 24 hours, compared to only $1.4 million for sell orders. The market is breathing fear.
📈 Technical analysis indicates that the completed pattern could push the price down by 14%. Analyst Egrag Crypto warned that breaking $2.30 could open the way to $2.15 and even $1.60. Trading volume has increased by 70% and reached $4.1 billion — it could be panic, or it could be repositioning.
🎯 Sam's summary: If the $2.30 level does not hold, the next move could be severe. Be cautious, this is not a time for adventure, but a time for observation. Every coming candle could change everything.
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Let's monitor the next move 😉