Ripple XRP Price Analysis: Bearish Momentum Looms

by Ouess

Ripple (XRP) could fall below $2 after a 12% drop in the last week. Technical indicators highlight bearish momentum, making the $2 threshold critical.

Why XRP Faces Increased Downside Pressure

Several key indicators suggest XRP’s price may experience further declines.

RSI Signals Weak Momentum

The Relative Strength Index (RSI), a momentum tracker, shows XRP losing steam.

Ripple Relative Strength Index. Source: TradingView

Coupled with declining trading volume, this shift indicates XRP may dip below $2.34 in the short term.

Awesome Oscillator (AO) Flashes Red

The Awesome Oscillator (AO), another momentum indicator, supports the bearish outlook.

Ripple Awesome Oscillator. Source: TradingView

  • AO measures recent price movements against historical trends.
  • While the AO remains positive, red histogram bars suggest fading bullish momentum.

This combination of weak indicators could push XRP into further decline.

Head-and-Shoulders Pattern Adds to Bearish Outlook

On the 4-hour chart, XRP has formed a head-and-shoulders pattern.

  • This classic reversal pattern signals a transition from bullish to bearish momentum.
  • The neckline, a critical support level, is drawn at $2.40.

XRP has already fallen below the neckline, indicating weak buying pressure.

XRP Price Prediction: $1.87 or a Rebound?

If bulls fail to regain control, XRP could drop to $1.87, a significant support zone. However, a surge in buying pressure might push the price toward $2.90, reclaiming bullish momentum.

Investors should monitor the $2 level closely, as it remains a pivotal point in determining XRP’s next move.

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