XRP/USD: Head and Shoulders Breakdown — Measured Target in Focus

We have a clear Head and Shoulders top formation on the daily chart:

📌 Head at ~$3.30

📌 Neckline at ~$2.00

📐 Pattern height: ~$1.30

After the neckline break, XRP/USD is now retesting the broken support zone (~$2.00–$2.05). Unless price reclaims this level convincingly, bearish continuation is the dominant scenario.

🧩 Measured Target Projection:
Neckline−Height=2.00−1.30= 0.70USD

🔍 Key Levels to Watch:

Resistance: ~$2.00–$2.05 (retest zone)

Intermediate Targets: ~$1.50, ~$1.20

Full Pattern Target: ~$0.70

⚠️ Risk Consideration: If XRP reclaims and holds above ~$2.05, the bearish thesis is invalidated.

Perspective: Unless a major bullish catalyst emerges, further downside is anticipated.

I’m actively building my trading analysis skills and sharing perspectives like this to engage with the community. I welcome any insights, feedback, or alternative views as I continue to refine my approach. Let’s learn and grow together.

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