Bearish Formation Dem Dey Signal Say XRP Price Go Drop More
Over di weekend, di price of XRP crash comot pass di key $3 support level, mark say di price fall bad plus e make di bearish trend strong. Di analytics from TradingView’s CobraVanguard talk say e fit drop go channel bottom plus inside di PRZ range round $2.8. If e break, e fit cause belle fall go down reach $0.26. KooksooTrade also see one classic bearish descending triangle. Di neckline breakdown fit cause more loss, fit carry XRP go $2.45–$2.5. SwallowAcademy confirm dis pattern, dem talk say di downward movement fit still go on till di support zone hold. Traders suppose dey watch these levels for bounce signal or confirmation say di downtrend go continue.
Bearish
Plenti respected analysts don find key bearish patterns inside XRP technical setup. CobraVanguard dey warn say e fit drop go PRZ near $2.8 and even reach channel bottom for $0.26 if support no hold. KooksooTrade and SwallowAcademy dem both highlight one descending triangle with neckline down-break, wey historically na strong sell signal. Short-term movement fit push XRP near $2.45–$2.5, e con show tins wey happen for mid-2023 wey result to quick drop. Long-term feeling depend if these supports go hold; if e bounce well, e fit start reversal, but if e continue break, e go keep bearish bias. Traders suppose dey cautious, especially with leveraged positions.