XRP DUMP ALERT???
SIGNAL TYPE- SHORT
XRP/USDT is forming a classic Head and Shoulders pattern, a bearish reversal structure. The pattern consists of three peaks: the left shoulder, a higher head, and a slightly lower right shoulder, all above a neckline support zone. After breaking below the neckline, the price shows bearish momentum.
The EMA Ribbon is sloping downward, indicating a shift toward bearish sentiment. If the breakdown sustains, it may lead to further downside, potentially reaching a target calculated by the height of the head.
Traders often use this pattern as a signal to anticipate reversals and plan short positions.