{"id":20786,"date":"2025-05-19T12:30:46","date_gmt":"2025-05-19T12:30:46","guid":{"rendered":"https:\/\/gold.creditcard\/xrp-price-risks-falling-to-2-after-classic-bearish-chart-pattern-confirms\/"},"modified":"2025-05-19T12:30:46","modified_gmt":"2025-05-19T12:30:46","slug":"xrp-price-risks-falling-to-2-after-classic-bearish-chart-pattern-confirms","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/xrp-price-risks-falling-to-2-after-classic-bearish-chart-pattern-confirms\/","title":{"rendered":"XRP price risks falling to $2 after classic bearish chart pattern confirms"},"content":{"rendered":"

Key takeaways:<\/strong><\/p>\n

XRP could be headed down to $2 following a breakdown of a classic head-and-shoulders pattern.<\/p>\n

Declining open interest in XRP futures signals weakening trader confidence.<\/p>\n

The XRP (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

XRP H&S pattern hints at a 14% price drop<\/h2>\n

XRP price action has formed a head-and-shoulders (H&S) pattern on its four-hour chart since May 9, projecting a likely down-move.<\/p>\n

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

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

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

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

XRP\/USD four-hour chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n

As Cointelegraph reported<\/a>, a possible decline to as low as $2.00 is currently in play as bullish momentum has decreased.<\/p>\n

For analyst Egrag Crypto, XRP price \u201cmust hold\u201d the support at $2.30, which aligns with the H&S neckline, to avoid a breakdown toward these targets.\u00a0<\/p>\n

Related: <\/strong><\/em>XRP price path to $3.40 remains intact \u2014 Here is why<\/strong><\/em><\/a><\/p>\n

The analyst 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 going as low as $1.60.<\/p>\n

Source: <\/em>Egrag Crypto<\/em><\/a><\/p>\n

XRP open interest down $1 billion in 5 days<\/h2>\n

XRP 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

XRP futures open interest. Source: CoinGlass<\/em><\/p>\n

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

Total XRP liquidations across all exchanges. Source: CoinGlass<\/em><\/p>\n

This reflects heightened selling pressure as bullish traders are forced to sell at a loss, pushing prices lower.<\/p>\n

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

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>","protected":false},"excerpt":{"rendered":"

Key takeaways: XRP could be headed down 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&S […]<\/p>","protected":false},"author":0,"featured_media":20787,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=20786"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/20787"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=20786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=20786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=20786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}