🚨 XRP DOUBLE TOP WARNING 🚨
XRP is showing signs of a potential Double Top pattern, a classic bearish reversal structure that often appears near market tops. The price has tested a major resistance zone twice but failed to break higher with strong volume. This signals weak buying pressure and increasing selling interest.
The key level to watch is the neckline support. A strong candle close below this zone, combined with high selling volume and RSI bearish divergence, can confirm the pattern and open the door for a deeper pullback toward lower demand zones. In such cases, long liquidations and panic selling may accelerate the downside move.
However, this setup is not confirmed yet. If XRP reclaims resistance with a strong breakout and volume expansion, the double top will be invalidated and bullish continuation can resume. Until then, traders should stay cautious, avoid chasing longs near resistance, and wait for clear confirmation before entering positions.
📌 Confirmation is key — trade smart, not emotional.
