Global economic uncertainties weigh strongly in cryptocurrency markets, with XRP experiencing significant sales pressure after not maintaining momentum over $ 2.40.

The digital asset has formed a Bearish Head-and-Shoulders pattern on short-term diagrams, with high volume sold new accurately when testing key resistance levels.

Several analysts, including Ali Martinez, warn that losing the critical $ 2.30 support could trigger a significant decline against the $ 2.00 mark.

Technical analysis highlights

• XRP formed a clear pattern with head-and-shoulders after gathering at a highlight of $ 2,411 before falling 3.38% to $ 2,330.
• Significant resistance established at the $ 2.40 level with high-volume sales pressure.
• Support for $ 2,345 was tested several times before it was broken within 13:00 hours of volume waving 23% over the 24-hour average.
• Price dropped from $ 2,341 to $ 2,329 in the last trade hour, representing a fall of 0.5%.
• Significantly volume tip occurred at. 13:35, when the price fell from $ 2,345 to $ 2,337, accompanied by over 2.1 million in volume.
• Several failed attempts to recover over $ 2,340 between 13: 38-13: 41 created a lower high pattern.
• Renewed sales pressure occurred at. 13: 47-13: 50, which ran XRP to session low near $ 2,326 with elevated volume confirming distribution.

External references

• “XRP flashes crash signal with falls to $ 2 in sight”, Finbold, published 19 May 2025.
• “XRP (XRP) Price Forest for May 20”, Coin Edition, published 19 May 2025.
• “2 critical warnings for Ripple’s (XRP) Price: Details”, Cryptopotato, published 19 May 2025.
• “The XRP Price confirms Bullish Reversing Setup with this demand zone”, NewsBTC, published May 20, 2025.