🚨XRP Faces 30% Drop signal Amid Bearish Technical Indicators.
XRP is ready to break as the token faces strong bearish pressure, with technical indicators suggesting a potential 30% drop if sellers continue to dominate.
After a 25% surge earlier this month, XRP has reversed course and breached the critical 0.618 Fibonacci level. If the selling pressure holds, price targets are set at $2.23 and $2.11 – a 10% loss from today’s $2.33 level.
Technical signals add to the caution. The 9-day EMA is close to crossing below the 21-day EMA, a pattern that historically leads to sharper losses. On the 4-hour chart, RSI has dipped below 50, showing weakening momentum, while the MACD lines are converging and hint at a possible bearish crossover.
Data also shows over 51% of XRP trades in the last four hours have been sell orders, supporting this bearish outlook. If this pressure continues, XRP could be set for a deeper correction in the coming days.
