XRP price is on the verge of a crash to $2 after forming a bearish head and shoulders pattern on the daily chart. As this crash looms, XRP faces the risk of $38 million in long liquidations, which will intensify sell-side pressure and trigger a massive price decline. XRP trades at $2.12 today, May 31, with trading volumes surging by 14% in 24 hours per CoinMarketCap data. The price was teetering from the typical weekend volatility, with XRP dropping by 3.6% in 24 hours. XRP Price Crash to $2 Looms Amid Bearish Pattern Ripple price trades within a bearish head and shoulders pattern, as it defends a diagonal support level. This chart pattern usually indicates weakening bullish momentum and the entry of bears in the market, which will drag the price lower. The target price for the head and shoulders pattern is the size of the head, which shows that… Read More at Coingape.com
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