Saad Ullah
XRP (Ripple) is showing a classic bearish reversal pattern after getting rejected at $3.70, with traders eyeing potential drops to $3.20 or $3.00.
XRP just painted one hell of a falling star pattern on its daily chart, and that's got traders paying attention. After one of the craziest rallies we've seen among major altcoins lately, this technical signal could mean trouble ahead for XRP bulls.
The falling star is textbook stuff - long upper wick, tiny body, and basically no lower shadow. What happened was simple: XRP shot up to around $3.70, but sellers immediately smacked it back down. That rejection at the highs is exactly what creates this bearish pattern that often kicks off short-term reversals.
XRP (Ripple) Price Gets Slammed at Key Resistance
Right now, XRP is trading around $3.49, still holding onto solid weekly gains. But here's the thing - the RSI just broke above 88, which screams "overbought." When momentum indicators get this stretched, assets usually need to cool off or consolidate.
Over the past two weeks, XRP has absolutely crushed it compared to other layer-1 tokens. The move got juice from institutional buying and crazy volume spikes. But let's be real - speculative momentum can only push prices so far without real support underneath.
XRP (Ripple) Bulls Need to Hold Key Levels
If this falling star pattern plays out like it should, we're probably looking at a pullback to $3.20 or maybe even $3.00. Those are the levels bulls absolutely have to defend if they want to avoid a bigger dump.
The next few days will tell the story. Either XRP goes into consolidation mode to digest these gains, or it starts correcting lower if selling pressure keeps building. Bulls better step up and protect those support levels, or this party could be over pretty quick.
Bottom line: XRP's technical setup is screaming caution right now. The falling star pattern is a real warning sign that shouldn't be ignored.
Saad Ullah
