XRP Price Approaching Key Support, Potential Breakout Threatens Downward Move

Technical analysis suggests XRP is nearing a crucial support level around $2. A breakout from this point could trigger a significant downtrend according to the head and shoulders (H&S) pattern formation. This pattern involves three peaks, with the middle peak marking the highest point. A break below the ‘neckline’ (support level) typically indicates a shift from bullish to bearish momentum.