The post XRP Price Pullback Isn’t Over Yet, Crashes 5% to $2 appeared first on Coinpedia Fintech News
XRP is currently down by more than 5% and is trading at $2.06 at the time of writing. The price of XRP is once again following the lead of Bitcoin, a pattern that has been seen time and again in the crypto market. As Bitcoin experiences a pullback, most altcoins, including XRP, tend to react in a similar way. And right now, things aren’t looking too bright for XRP on the daily chart.
According to a recent technical analysis, XRP appears to be forming a bearish head and shoulders pattern — a classic price chart formation that often signals a possible drop ahead. The pattern consists of a left shoulder, a head, and a right shoulder, with a key support level known as the “neckline.” In XRP’s case, this neckline lies between $2.10 and $2.15. The price has started breaking below this zone, although a final confirmation is still needed.
What’s Next For XRP Price?
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