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Chart technicians are flagging a pair of bearish formations on $XRP's shorter-timeframe price chart, both of which point toward a potential drop below the $1 level in the coming days.
The convergence of a head-and-shoulders setup and a bear flag pattern on the same timeframe gives the bearish case more structural weight than either signal would carry alone.
What the Chart Patterns Actually Signal A head-and-shoulders is a reversal pattern: three successive peaks where the middle one is the tallest, flanked by two lower "shoulders." When the price breaks the line connecting the two troughs between those peaks — called the neckline — it traditionally signals a trend shift from up to down.
The target implied by the pattern is typically measured by the height of the formation, which in this case points toward sub-$1 territory. A bear flag is a continuation pattern.
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