The XRP price could crash to 1.7757 US dollars if it confirms this bear pattern

The price campaign in the last 24 hours has dropped the XRP price towards 2 US dollars. With the risk of breaking below. This risk is that XRP has experienced slow bleeding in the past few days, which has caused the price to compress in an interesting technical pattern in the 4-hour table. This decline phase takes place according to A Sharp rally at the end of AprilBut buyers now lose strength.

According to an interesting analysis of a crypto analyst on the TradingView platform, XRP could now be exposed to technical confirmation that could extend a crash to USD 1.7757.

Head and shoulders pattern signals price crash crash

Technical analyst Klejdicuni sketches a well -defined Head and shoulder pattern on the 4-hour diagram of XRP/USDT. This formation is considered a bearish signal by analysts, especially if it appears after a strong upward trend, as is the case here. During the short rally from XRP at the end of April, the left shoulder formed to $ 2.19, followed by a higher highlight of 2.35 US dollars that created the head, and recently a lower university that forms the right shoulder.

At the time of the analysis by the crypto analyst Klejdicuni, the excerpt of this pattern was along the zone from $ 2.14 and is the important support level that determines whether the pattern confirms or fails. A decisive breakdown under this section, especially with increasing volume, would strongly interpret a that a Continuation of the crash down.

Downward goals with USD 1.7757 as a full Bearish destination

When XRP confirms the head and shoulders by making decisive factor under the section support near 2.13 US dollars. What it hasThe next step is a number of bears. According to the analysis of Klejdicuni, the first key level that can be seen is $ 2.0417. This zone corresponds to a horizontal retaining cluster that was formed between 16 and 22 April 22, where the buyers entered.

The next target target is $ 1.9323, which from April 10th is deeply matching the swing and could attract short -term purchase activities. However, if the Bear impulse remains and XRP does not find any significant demand in this zone in this zone, the final downward target is $ 1.7757. This level represents the complete projected step, which is derived from the height of the head to the base of the small upward trend in April.

At the time of writing, XRP is 4% and 8.31% in the last 24 hours or seven days. This puts the crypto Currently nearby The first key level of $ 2.0417.

The next major goal is $ 1.9323, which is deeply corresponding to the swing on April 10 and is just below the psychological level of $ 2. This level could attract some short -term purchase activities and prevent another crash. However, if the Bärische Pulse continues and XRP does not find any significant demand in this zone in this zone, the final downward target is the focus of USD 1.7757. This price level represents the complete projected step of the top tip of the head formation. It also coincides with the base of the rally, which led to the upward trend in April.

Selected picture of Getty Images, diagram of tradingview.com

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