Technical analysis by ManiMarkets about Symbol XRP: Sell recommendation (11/6/2025)

🚀 XRP/USD (4H) Analysis: The $2.10 Launchpad 🌊 Current Market Context The XRP/USD 4-hour chart provides a clear picture of a major bearish reversal from its recent highs. Price action suggests a classic Head and Shoulders (H&S) pattern has likely completed, marked by a decisive break below its neckline (the lows between the peaks), leading to a sharp drop. The crucial development is the recent price bounce off the $2.10 (Green Zone) support area. This zone has acted as a strong demand area, suggesting that the initial, aggressive correction phase triggered by the H&S pattern may be concluding. Bulls are now attempting to build a local base. Key Levels to Watch ⚡️ Immediate Resistance (The First Hurdle): $2.20 This is the immediate hurdle. A clean break and hold above $2.20 are necessary to confirm short-term bullish momentum and set the stage for a push to the next major resistance. 🎯 Key Resistance Area (Flip Zone): $2.30 (Grey Zone) This is the most critical resistance in the short term. The $2.30 area was previously a strong support and will now be tested as a major psychological and technical resistance. Breaking and turning this zone into support would significantly shift the short-term market structure from bearish to neutral/bullish. 🛡️ Major Support (Must Hold): $2.10 (Green Zone) This is the line in the sand for the bulls. A sustained break and candle closure below $2.10 on the 4H chart would confirm continued downside, with the H&S target being the next point of interest, leading to a much deeper correction. Potential Scenarios Bullish Scenario (Bounce and Break): XRP successfully holds the $2.10 support. The price breaks through $2.20 and then reclaims the $2.30 (Grey Zone). A confirmed flip of $2.30 opens the door for a rally toward the higher resistance zones at $2.50 (Blue Zone) and ultimately $2.70 (Red Zone). Bearish Scenario (Rejection and Retest): XRP fails to hold the recent bounce and is rejected at $2.20 or $2.30. Price falls back to retest the $2.10 (Green Zone) support. A sustained break below $2.10 would invalidate the current base-building effort, suggesting the H&S downside target is still in play, leading to further significant losses.