XRP technical analysis and upcoming level AMBCryp

XRP technical analysis and upcoming level

AMBCrypto’s technical analysis revealed that XRP is on the verge of a significant price decline. On the daily chart, the asset has formed a bearish Inverted Cup and Handle pattern, which suggests a potential dump ahead.

If bulls fail to defend this level, the price could slide by nearly 13%, targeting the next support zone near $2.60.

Ali Martinez on X (formerly Twitter) also pointed to $2.55 and $2.40 as key levels to watch, reinforcing the likelihood of further downside if $2.95 gives way.

Despite the bearish structure, one indicator hasn’t flipped yet. The Supertrend on the daily timeframe remains green and trailing below price, signaling that the broader trend still favors buyers – at least for now