{"id":27466,"date":"2025-05-19T12:31:36","date_gmt":"2025-05-19T12:31:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27466"},"modified":"2025-05-19T12:31:36","modified_gmt":"2025-05-19T12:31:36","slug":"xrp-price-risks-falling-to-2-after-classic-bearish-chart-pattern-confirms","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27466","title":{"rendered":"XRP price risks falling to $2 after classic bearish chart pattern confirms"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmU4NGItMjhmNi03ODY3LWE0NmMtMjNiODQzNjY1ZGYw.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmU4NGItMjhmNi03ODY3LWE0NmMtMjNiODQzNjY1ZGYw.jpg\" alt=\"XRP price risks falling to $2 after classic bearish chart pattern confirms\"><\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>XRP could be headed lower to $2 following a breakdown of a classic head-and-shoulders pattern.<\/p>\n<\/li>\n<li>\n<p>Declining open interest in XRP futures signals weakening trader confidence.<\/p>\n<\/li>\n<\/ul>\n<p>The XRP (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/xrp-price-index\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">XRP<\/a>) price is flashing warning signs as a bearish technical pattern resolves on lower timeframes, coinciding with massive long liquidations and decreasing open interest.<\/p>\n<h2>XRP H&amp;S pattern hints at a 14% price drop<\/h2>\n<p>XRP price action has formed a head-and-shoulders (H&amp;S) pattern on its four-hour chart since May 9, projecting a likely down-move.<\/p>\n<p>The head-and-shoulders pattern is a bearish reversal pattern that can signal a change in trend. It consists of three peaks: a higher peak (head) and two lower peaks (shoulders).\u00a0<\/p>\n<p>It is resolved when the price breaks below the neckline (the line connecting the lows of the left and right shoulder), confirming the pattern and suggesting a potential sell signal.<\/p>\n<p>In XRP\u2019s case, the pattern was validated following a break and close below the neckline at $2.33 during the early Asian trading hours on May 19. <\/p>\n<p>If the price stays below the neckline, the XRP\/USD pair could slide further to $2.25 (where the 200-day simple moving average currently sits) and then to the pattern target of $2.00. This would bring the total losses to 14% from the current levels.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196e83a-a643-77bb-9134-474192000bd6\" title=\"\" alt=\"XRP price risks falling to $2 after classic bearish chart pattern confirms\"><figcaption style=\"text-align: center;\"><em>XRP\/USD four-hour chart. Source: Cointelegraph\/<\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/x\/nb8TSoA7\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>As Cointelegraph <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/price-predictions-5-16-btc-eth-xrp-bnb-sol-doge-ada-sui-link-avax\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">reported<\/a>, a possible decline to as low as $2.00 is currently in play as bullish momentum has decreased.<\/p>\n<p>For popular analyst Egrag Crypto, XRP price \u201cmust hold\u201d the support at $2.30, which aligns with the H&amp;S neckline, to avoid a breakdown toward these targets.\u00a0<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-price-path-3-40-remains-intact-here-is-why\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/xrp-price-path-3-40-remains-intact-here-is-why\"><em><strong>XRP price path to $3.40 remains intact \u2014 Here is why<\/strong><\/em><\/a><\/p>\n<p>The analyst <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/egragcrypto\/status\/1924362834760159476\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">shared<\/a> a chart showing that a drop below $2.30 could trigger a massive sell-off, with the initial target set around $2.15 and then as low as $1.60.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196e83a-ab6b-7a6d-983f-a972ad3fc14c\" title=\"\" alt=\"XRP price risks falling to $2 after classic bearish chart pattern confirms\"><figcaption style=\"text-align: center;\"><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/egragcrypto\/status\/1924362834760159476\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>Egrag Crypto<\/em><\/a><\/figcaption><\/figure>\n<h2>XRP open interest down $1 billion in 5 days<\/h2>\n<p>XRP <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/explained\/what-is-open-interest-in-the-crypto-futures-market\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">open interest<\/a> (OI) has decreased by 18% to $4.49 billion over the last five days. This decline in OI signals reduced trader confidence and liquidity, which drives prices down.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196e83a-b0c8-7d55-8631-accbb3f1e961\" title=\"\" alt=\"XRP price risks falling to $2 after classic bearish chart pattern confirms\"><figcaption style=\"text-align: center;\"><em>XRP futures open interest. Source: CoinGlass<\/em><\/figcaption><\/figure>\n<p>The latest drawdown in XRP price has also triggered liquidations over the last day, where long positions valued at $12 million were forcibly closed, compared to just $1.4 million in shorts.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196e83a-b595-75ee-b7a3-d533acbb58b0\" title=\"\" alt=\"XRP price risks falling to $2 after classic bearish chart pattern confirms\"><figcaption style=\"text-align: center;\"><em>Total XRP liquidations across all exchanges. Source: CoinGlass<\/em><\/figcaption><\/figure>\n<p>This reflects heightened selling pressure as bullish traders are forced to sell at a loss, further pushing prices lower.<\/p>\n<p>Importantly, XRP\u2019s 3% drop over the last 24 hours is accompanied by a 70% increase in daily trading volume to $4.1 billion. Trading volume increases amid a price decline can be interpreted as increasing bearish momentum or repositioning by crypto traders as they wait for XRP\u2019s next move.\u00a0<\/p>\n<p class=\"post-content__disclaimer\" type=\"\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template><\/p>\n<p><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways: XRP could be headed lower to $2 following a breakdown of a classic head-and-shoulders pattern. Declining open interest in XRP futures signals weakening trader confidence. The XRP (XRP) price is flashing warning signs as a bearish technical pattern resolves on lower timeframes, coinciding with massive long liquidations and decreasing open interest. XRP H&amp;S [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27466","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27466"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27466\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}