XRP Faces Make-Or-Break Moment Amid Bearish Threat
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XRP hovers around $2.52 on the daily chart, maintaining a delicate balance between bullish momentum and a major reversal pattern. Famous crypto analyst Josh Olszewicz (called @CarpenoCtom on X) shares a detailed chart based on Ichimoku, Highlight Possible head and shoulder formation. According to Olszewicz, a sustained break of more than $2.85 may invalidate the bearish issue associated with this classic reversal setting.
Can XRP go bankrupt at $2.85?
XRP’s recent rally took shape in mid-October 2024, when it traded close to $0.48 before leaping sharply to $3.3999 in early 2025. The rally soon unfolded, suggesting strong buying pressure and strong bullish sentiment and hit $3.40 before the end of 2024, which is $3.40 stock. Direct trend direction.
On the Olszewicz chart, with the Ichimoku setting (20, 60, 120, 30), the price hovers around the conversion line (Tenkan-Sen) at about $2.4750, while the baseline (Kijun-sen) is close to $2.5749. Ichimoku Cloud itself will move forward with Senkou span of $2.57 and Senkou span B approaching $1.94, forming a green band that will indicate wider bullish support as long as the price stays on the cloud. The chart shows that XRP has managed to stay above most Ichimoku levels so far, reflecting the continued positive momentum of volatility despite the recent recent.
Related Readings
Within this frame, the formation of the head and shoulders is shrouded as a potential signal Bearish reversal. The formation appears to be anchored by a head of $3.3999, with potential “shoulders” close to $2.85 and $2.90. According to Olszewicz, moves above $2.85 should help negate the possibility of a bearish collapse, while persistent refusal below that level keeps the possibility of head and shoulders firm. Market participants will also watch the $2.0 area, which is often interpreted as this formation of neckline area, as the decisive Didi below it may confirm the reversal pattern.
Other price areas highlighted by the chart add clarity to the bullish tug-of-war. Kijun-sen around $2.5749 is an important mid-term pivot that often acts as support and Resist In the Ichimoku analysis. Meanwhile, if any deeper callbacks occur, the bottom of Ichimoku Cloud is the last line of defense for the Bulls.
Related Readings
Ultimately, broader sentiment depends on whether XRP can exceed the $2.85 threshold, eliminating the threat posed by that head and shoulder. If the market recovers above the level in this price zone, it is recommended Bullish momentum Stay intact. Instead, failure to overcome $2.85, coupled with a drop below $2.0, could indicate a deeper reversal and invite further sales pressure.
At press time, XRP was trading at $2.60.
Featured Images created with dall.e, Charts for TradingView.com
