- XRP is struggling below $2.10 levels, as increasing fears of market turbulence and a possible “death cross” loom.
- More than 55 million XRP shifted to exchanges, indicating potential sell-offs as market liquidity rises.
- The analysts forecast that XRP may reach $2.60 if the inverse head and shoulders pattern is confirmed.
XRP is struggling to hold ground near the $2.10 mark amid rising concerns. A potential “death cross” pattern, increased exchange inflows, and macroeconomic pressure are all contributing to market instability. Historically, such spikes in inflows have hinted at impending sell-offs, as traders often move assets to exchanges when preparing to exit positions.
The price action has followed this pattern, with XRP now trading around $2.07 after peaking at $2.23 over this week. Despite a 2.82% gain over the past week, XRP has suffered a 9.95% decline month-to-date. Volatility remains a key factor as bulls and bears wrestle for short-term dominance.
CoinGlass data showed that $5.1 million in long XRP positions were liquidated in 24 hours. On the other hand, just $1.25 million in shorts suffered the same destiny. The difference in liquidation volume signifies increasing bearish momentum, with the long-to-short ratio finding itself at a decent 0.938.
XRP Eyes $2.60 If Pattern Holds
XRP trader James sparked optimism on X with his recent chart analysis. He identified an inverse head and shoulders formation on XRP’s chart, typically a bullish reversal pattern. If validated, this could send XRP toward a target of $2.60, offering a glimmer of hope in a mostly cautious market.
Another Crypto analyst, Egrag Crypto, echoed similar sentiments, noting this week as a potential pivot point. According to his post on X, XRP’s weekly candle is testing key technical levels—especially the 21-week EMA and the $2.10 mark. A full-bodied weekly close above $2.25 would be seen as a strong bullish confirmation.
Egrag warned that if the close is missed, bearish momentum may return. He also mentioned other market concerns, such as the renewed US-China tariff war, as potential troublemakers. These macro influences may turn XRP’s weakness into something that aggravates unless technical support prevails by the end of the week.
Will XRP Break Above $2.25 Resistance?
In a rejection, analysts estimate a pullback to $1.96, in line with a notable Fibonacci level. A further decline may expose XRP to the important support region of $1.58 to $1.30. That zone, commonly referred to as the “white box,” would then be the primary battleground of market sentiment.
If XRP is unable to maintain these levels of support, additional selling could ensue, solidifying death cross fears. As long as a conclusive breakout over $2.25 is not confirmed, traders should exercise caution. The next few days will be critical to shaping XRP’s trend and sentiment in the short to mid-term.
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