Economic uncertainty is weight loss in cryptocurrency markets, with XRP experiencing significant sales pressure after failing to maintain momentum above $ 2.40.
Digital assets are formed by a head-and-shoulders pattern on short-term charts, with a high volume that sells exactly when trying resistance levels.
Multiple analysts, including Ali Martinez, warned that a loss of critical $ 2.30 support could define a major decline towards the $ 2.00 mark.
Technical assessments
- The XRP develops a unique head-and-shoulders pattern after rallying at a peak of $ 2.411 before refusing 3.38% to $ 2.330.
- Significant resistance established at the level of $ 2.40 with a high pressure seller.
- Support $ 2.345 was tested several times before it broke within 13:00 hours with a volume of 23% above the 24 -hour average.
- Price refused from $ 2.341 to $ 2.329 at the last time of trading, representing a collapse of 0.5%.
- The significant spike volume took place at 13:35 when the price dropped from $ 2.345 to $ 2.337, accompanied by more than 2.1 million in volume.
- Multiple failed attempts to recover above $ 2.340 between 13: 38-13: 41 created a lower high pattern.
- The modified sale pressure appeared in 13: 47-13: 50, the XRP driving in session lows near $ 2.326 with a raised volume confirming the distribution.
External reference
- “XRP crashing signal with a drop to $ 2 in sight“, Finbold, published May 19, 2025.
- “XRP price prediction (XRP) for May 20“, Coin Edition, published May 19, 2025.
- “2 Critical Warnings for Ripple Price (XRP): Details“, Cryptopotato, published May 19, 2025.
- “XRP price confirms the bullish reversal setup with this demand zone“, Newsbtc, published May 20, 2025.
