Global economic uncertainties weigh largely in cryptocurrency markets, with XRP experimenting a significant sales pressure after not maintaining the impulse above $ 2.40.
The digital asset has formed a bold head and shoulder pattern in short -term graphics, with a precision high -volume sale when testing key resistance levels.
Multiple analysts, including Ali Martínez, warn that losing the critical support of $ 2.30 could trigger a substantial decrease towards the $ 2.00 mark.
TECHNICAL ANALYSIS
- XRP formed a distinctive head and shoulder pattern after gathering at a peak of $ 2,411 before decreasing 3.38% to $ 2,330.
- Significant resistance established at the level of $ 2.40 with high volume sales pressure.
- The support to $ 2,345 was tested several times before breaking during 1:00 p.m. with a volume that increases 23% above the average of 24 hours.
- The price decreased from $ 2,341 to $ 2,329 in the last hour of negotiation, which represents a 0.5%drop.
- There was a significant increase in volume at 13:35 when the price collapsed from $ 2,345 to $ 2,337, accompanied by more than 2.1 million in volume.
- The multiple failed attempts to recover above $ 2,340 between 13: 38-13: 41 created a lower high pattern.
- The renewed sales pressure emerged in 13: 47-13: 50, driving XRP at a minimum of session about $ 2,326 with a high volume confirmation distribution.
External references
- “XRP Flashes Crash Signal with fall to $ 2 in sight”, Endbold, published on May 19, 2025.
- “XRP (XRP) pricing prediction for May 20”, Coin edition, published on May 19, 2025.
- “2 Critical warnings for the price of Ripple (XRP): details”, Cryptopotato, published on May 19, 2025.
- “The XRP price confirms the bullish investment configuration with this demand zone,” NewsbTC, published on May 20, 2025.
