XRP Price Faces Potential Slide Amidst Bearish Signals & Declining Trader Confidence

The cryptocurrency XRP exhibits signs of a potential price decline according to Cointelegraph. A classic head-and-shoulders pattern, observed on the four-hour chart since May 9, suggests a possible 14% drop. This bearish technical formation, combined with significant long liquidations and declining open interest, signals waning confidence among traders regarding XRP futures.