Technical analysis by Mohammad_Mirdehghan about Symbol XRP: Sell recommendation (6/17/2025)

XRP is showing a classic Head and Shoulders reversal pattern, which has now broken down below the neckline, indicating a potential bearish continuation.🔻 Bearish Structure Highlights:The head and shoulders formation is well-defined and price has confirmed a neckline break.The breakout is occurring within a descending channel, aligning with the broader bearish context.Momentum oscillator (DTosc) is also turning down after a lower high, supporting the bearish case.📉 Targets:First target: 1.83580Extended target: 1.61184🔴 Invalidation Zone:A daily close above the right shoulder and key resistance at 2.3589–2.4829 would invalidate this bearish view and signal potential reversal.📌 Trade Plan:Favoring short setups below the necklineTargeting the support levels noted aboveStop-loss suggested above 2.48 for conservative risk controlThe setup offers a clean risk/reward opportunity based on a textbook bearish reversal pattern.