Market experts indicate that XRP ($2.25) is currently experiencing a sharp decline in its price, with further drops likely. Technical formations and breakouts at support levels are urging caution among traders. The existing situation suggests a need for reevaluation of market dynamics.
Technical Indicators
Experts point out that XRP exhibits a classic “Head and Shoulders” formation. This pattern indicates that if the support at the $2 level is broken, the price could drop to lower values. With XRP trading near $2, a breach could see it fall below $1.
STEPH IS CRYPTO: XRP may signal strong downward trends if support breaks.
While assessing XRP’s status, market analysts are also considering Bitcoin’s price movements. If Bitcoin 
$0.00003, currently around $83,000, falls below the critical support of $72,000, additional pressure on XRP’s price could arise. This development suggests an increased probability of overall market decline.
Moreover, XRP’s ongoing legal battles, particularly with the
