Ripple [XRP] shows reversal signals – Is this pattern a warning?

Ripple’s price is at 2.40 USD, down 1.96% lately, with major support levels at 2.40 USD and 2.15 USD being crucial for future trends.

The formation of a head-and-shoulders pattern indicates a possible bearish reversal, suggesting weakened buying pressure and the potential for price decline.

XRP’s on-chain activity remains strong, with an increase in active addresses and a balanced Taker Buy-Sell Ratio at 0.49, reflecting stable market confidence.