XRP is currently navigating a crucial phase, and whether a bigger price correction is on the horizon depends on its ability to hold support levels and break through resistance. The Head and Shoulders pattern and symmetrical triangle indicate that XRP is at a critical juncture.
For traders, it’s essential to closely monitor the $2.08 support level. If it holds, XRP may attempt to break the $2.55 resistance. However, if $2.08 is breached, XRP could face a significant price correction, potentially dropping to $1.75 or even lower. Volume, RSI, and legal developments will be key factors in determining XRP’s next major move.
