Technical analysis by paul_endeo about Symbol XRP on 3/11/2025

The crypto market is feeling the pressure from institutional dominance, and XRPUSDT is no exception. However, despite the uncertainty, XRP has managed to hold a key support level. With rising speculation around XRP as a potential U.S. reserve asset, will we see a bullish reversal, or is a deeper correction ahead?🔹 XRP Demand on the Rise – The approval of a Bitcoin strategic reserve has fueled speculation about XRP following suit. This narrative could be supporting the price above the key $2 level.Head & Shoulders Pattern—Bearish Breakdown Ahead? ⚠️📉 XRP has reached the neckline of a head & shoulders pattern, a classic bearish setup. If this plays out, a breakdown could see prices dropping to $1.5.📊 Supertrend Indicator is flashing bearish, signaling growing downside risks.📌 RSI Shows Bullish Divergence – While still below the descending trendline, a breakout could flip the momentum.Key Levels to Watch✅ Support: $2.00 – A break below could accelerate losses to $1.50.🚀 Resistance: $2.50 – A breakout could send XRP toward $2.80 and beyond.Despite short-term uncertainty, XRP remains a strong player, having surged 336% since Trump’s victory. Will the bulls step in, or are we in for more downside? The next move could be crucial!