XRP Analyst Warns of Potential Bearish Scenario to $1.15

Crypto analyst Charting Guy has cautioned that a potential head-and-shoulders pattern could lead XRP’s price down to around $1.15, although he believes this scenario is unlikely. His analysis, shared on X (formerly Twitter), focuses on historical patterns and their relation to XRP’s potential future trajectory. He cites the possibility of support levels and technical indicators, including the Ichimoku Cloud, Supertrend indicator, and EMA Ribbon, supporting his view that a bearish reversal could occur, yet believes it would ultimately reinforce the overall bullish trend.