RIPPLE PRICE ANALYSIS & PREDICTION (March 11) – XRP May Crash Following a Steady Volume Outflow, Holds Above $2
Following a quick dump under $3 last week, XRP turned bearish again and faced a three-month support level with a head-and-shoulder pattern on the daily chart. A major breakdown is lurking around the corner. As top altcoins continued to post significant losses in the past months, XRP remains in the bullish zone and keeps lagging in the face of the dip. However, it looks weak and ready for a crash as it approaches the key $2 level again, serving as critical support for three months. Losing this support could trigger serious bleeding to a new multi-month low. But currently, the selling volume appears low as it lost 3% in the last 24 hours. A significant increase in volume should trigger a break. Meanwhile, after a recent price twerk, the head-and-shoulder pattern remains intact on the daily chart. This pattern validates […]