#Xrp

𝙍𝙞𝙨𝙞𝙣𝙜 𝙒𝙚𝙙𝙜𝙚 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙨 𝙓𝙍𝙋 𝙋𝙧𝙞𝙘𝙚 𝙈𝙖𝙮 𝘾𝙧𝙖𝙨𝙝 10% 𝘼𝙢𝙞𝙙 200𝙈 𝙒𝙝𝙖𝙡𝙚 𝙎𝙚𝙡𝙡𝙤𝙛𝙛

XRP price faces a 10% drop to $1.85 as a bearish rising wedge pattern emerges as whales dump 200 million Ripple tokens un under two weeks.

XRP price trades at $2.14 on June 18 with 1 32% decline in daily trading volumes as market interest wanes. Following today’s decline, XRP is now down by 8% in the last week as crypto prices retrace due to concerns about the Israel-Iran conflict. The appearance of a rising wedge pattern on a four-hour chart signals that a 10% crash may be imminent after whales sold 200 million tokens.

XRP price is facing another crash after a rising wedge pattern emerged on the four-hour chart, indicating that the short-term momentum is about to turn bearish. This pattern appears when the price is making higher highs, albeit with higher lows, indicating that the buying pressure is gradually growing weaker.

XRP is tipping south again, and it is now testing the lower boundary support line. If this support fails to hold, then a more than 10% crash may ensue from the lower boundary line to $1.85. This decline will add weight to a recent analysis by CoinGape, noting that Ripple’s price risks a crash to $1.80.

The MACD indicator supports this bearish argument around XRP price after it formed a sell signal when the MACD line fell below the signal line. It has also crossed over below the signal line as the MACD histogram bars turn red, which is a sign that the sell-side pressure is strong.

A similar outlook is also portrayed by the Directional Movement Indicator (DMI) as the positive DI tips south when the negative one tips north. This further confirms that the trend is bearish, making an 11% crash more likely to happen if support at the $2.08 price fails to hold.