Global economic uncertainties weigh heavily on the cryptocurrency markets, XRP undergoing significant sales pressure after failing to maintain $ 2.40 momentum.
The digital active ingredient has formed a low -term head and shoulder pattern on the short -term graphics, with a high volume sale emerging precisely during the tests of keys resistance.
Several analysts, including Ali Martinez, warn that the loss of critical support of $ 2.30 could trigger a substantial drop to the $ 2.00 bar.
Strengths of technical analysis
- XRP formed a separate head and shoulder diagram after raising a peak of $ 2,411 before dropping by $ 3.38%.
- Significant resistance established at $ 2.40 with high volume sales pressure.
- The $ 2,345 support was tested several times before rupture for 1:00 p.m., the volume increasing by 23% above the average of 24 hours.
- The price went from $ 2,341 to $ 2,329 in the last hour of negotiation, representing a drop of 0.5%.
- A significant volume peak occurred at 13:35 when the price went from $ 2,345 to $ 2,337, accompanied by more than 2.1 million volumes.
- Several unsuccessful attempts to recover above $ 2,340 between 13: 38-13: 41 created a high lower model.
- A renewed sale pressure appeared at 13: 47-13: 50, leading XRP to session stockings almost $ 2,326 with a high volume confirming the distribution.
External references
- “XRP flashes a crash signal with a fall at $ 2 in sight”, Finbold, published on May 19, 2025.
- “Prix prediction XRP (XRP) for May 20”, Coin Edition, published on May 19, 2025.
- “2 Critical warnings for Ripple’s (XRP) Price: Details”, Cryptopotato, published on May 19, 2025.
- “XRP Price confirms the configuration of the Haussier inversion with this request zone”, Newsbtc, published on May 20, 2025.
