Tariff-led risk-off Has paying-focused cryptocurrency XRP trading close to the support zone near $ 2, a crucial level to confirm a significant topping pattern and renewed downward.

We refer to the main-and-shoulder pattern, which consists of three peaks where the middle is the highest. A horizontal line drawn from the bottom of the three peaks, the neckline, marks the most important demand zone.

In XRP’s case, $ 1.90- $ 2 series has been the demand zone since January. So a price movement under the same would trigger the collapse of H&S and confirm a bullish-to-bearing trend change.

A potential collapse could see prices almost halve to $ 1.07, according to the veteran analyst and trader Peter Brandt. Diagram analysts identify targets using the measuring method, which involves determining the distance from the top of the head to the neckline and drawing it distance from the breakdown point, in this case $ 2.

On the higher side, $ 3 or the lower high high is created at the beginning of March the level to beat for bulls.