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07/14 14:33

XRP Price Risks Plummeting Below $2 As Sellers Tak

XRP Price Risks Plummeting Below $2 As Sellers Take Control

XRP is currently showing signs of vulnerability as its recent price action is becoming increasingly bearish. After attempting to reclaim upside momentum above $ 2.60 in May, the cryptocurrency has struggled to maintain this run, and its price action over the past few days has brought it close to losing the $2.10 price level. Notably, the price action has resulted in the formation of a head and shoulders pattern on the daily candlestick chart. This might be the final straw that finally sends the XRP price plummeting below $2. Related Reading: Bitcoin Scarcity May Spark Explosive Surge, Bank Study Shows XRP Breaks Head And Shoulders Neckline As identified by a crypto analyst on the social media platform X, XRP has now printed a classic head and shoulders formation, with clearly defined symmetry between the left shoulder, head, and right .

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