The crypto market is feeling the pressure from institutional dominance, and 
XRPUSDT is no exception. However, despite the uncertainty, XRP has managed to hold a key support level. With rising speculation around XRP as a potential U.S. reserve asset, will we see a bullish reversal, or is a deeper correction ahead?
🔹 XRP Demand on the Rise – The approval of a Bitcoin strategic reserve has fueled speculation about XRP following suit. This narrative could be supporting the price above the key $2 level.
Head & Shoulders Pattern—Bearish Breakdown Ahead? ⚠️
📉 XRP has reached the neckline of a head & shoulders pattern, a classic bearish setup. If this plays out, a breakdown could see prices dropping to $1.5.
📊 Supertrend Indicator is flashing bearish, signaling growing downside risks.
📌 RSI Shows Bullish Divergence – While still below the descending trendline, a breakout could flip the momentum.
Key Levels to Watch
✅ Support: $2.00 – A break below could accelerate losses to $1.50.
🚀 Resistance: $2.50 – A breakout could send XRP toward $2.80 and beyond.
Despite short-term uncertainty, XRP remains a strong player, having surged 336% since Trump’s victory. Will the bulls step in, or are we in for more downside? The next move could be crucial!
XRPUSDT is no exception. However, despite the uncertainty, XRP has managed to hold a key support level. With rising speculation around XRP as a potential U.S. reserve asset, will we see a bullish reversal, or is a deeper correction ahead?🔹 XRP Demand on the Rise – The approval of a Bitcoin strategic reserve has fueled speculation about XRP following suit. This narrative could be supporting the price above the key $2 level.
Head & Shoulders Pattern—Bearish Breakdown Ahead? ⚠️
📉 XRP has reached the neckline of a head & shoulders pattern, a classic bearish setup. If this plays out, a breakdown could see prices dropping to $1.5.
📊 Supertrend Indicator is flashing bearish, signaling growing downside risks.
📌 RSI Shows Bullish Divergence – While still below the descending trendline, a breakout could flip the momentum.
Key Levels to Watch
✅ Support: $2.00 – A break below could accelerate losses to $1.50.
🚀 Resistance: $2.50 – A breakout could send XRP toward $2.80 and beyond.
Despite short-term uncertainty, XRP remains a strong player, having surged 336% since Trump’s victory. Will the bulls step in, or are we in for more downside? The next move could be crucial!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.