XRP Teeters on Edge: $1.77 Crash Looms If Bearish Pattern Holds

XRP traders are gripping their seats as a ominous technical formation threatens to slash prices to $1.77—proving once again that crypto charts are just Rorschach tests with money at stake.

The digital asset, long caught in regulatory purgatory, now faces a make-or-break moment. A confirmed breakdown could send it tumbling toward levels not seen since the SEC lawsuit frenzy.

Market technicians are circling the ’head and shoulders’ pattern like vultures, though let’s be real—in crypto, even a ’cup and handle’ usually ends up spilled across the trading floor.

Head And Shoulders Pattern Signals Price Crash

Technical analyst KlejdiCuni outlined a well-defined head and shoulders pattern on the 4-hour chart of XRP/USDT. This formation is viewed by analysts as a bearish signal, particularly when it appears after a strong uptrend, as is the case here. The left shoulder formed during XRP’s brief rally to $2.19 in late April, followed by a higher peak around $2.35 that created the head, and more recently, a lower high forming the right shoulder.

At the time of the analysis by crypto analyst KlejdiCuni, the neckline of this pattern was along the $2.13 to $2.14 zone, and is the important support level that determines whether the pattern confirms or fails. A decisive breakdown below this neckline, particularly with increasing volume, would strongly suggest a continued crash to the downside.

Downside Targets With $1.7757 As The Full Bearish Target

If XRP confirms the head and shoulders breakdown by closing decisively below the neckline support NEAR $2.13, which it has, the next move is a series of bearish targets. According to KlejdiCuni’s analysis, the first key level to watch is $2.0417. This zone corresponds to a horizontal support cluster formed between 16th and 22nd April, where buyers stepped in.

The next major target is at $1.9323, which aligns with the swing low from April 10 and could attract some short-term buying activity. However, if the bearish momentum persists and XRP fails to find significant demand around this zone, the final downside target is at $1.7757. This level represents the full projected move derived from the height of the head up until the base of the little uptrend in April.

At the time of writing, XRP is trading at $2.09, down by 4% and 8.31% in the past 24 hours and seven days, respectively. This puts the crypto currently close to the first key level of $2.0417.

The next major target is at $1.9323, which aligns with the swing low from April 10 and is just below the $2 psychological level. This level could attract some short-term buying activity and prevent a further crash. However, if the bearish momentum persists and XRP fails to find significant demand around this zone, the final downside target comes into focus at $1.7757. This price level represents the full projected move from the peak of head formation. It also coincides with the base of the rally that led to the uptrend in April.