đš XRP could be heading toward a major breakdown, with a potential move toward $0.20 if the next monthly candle closes poorly đ€Ż
XRP is under heavy pressure as the $1.89 Bollinger midline threatens to turn into resistance. The monthly chart is flashing its first long-term warning since the 300% rally in 2024.
If price continues to slide, the lower Bollinger band sits near $0.20, which would represent an 88% drop from current levels. A loss of the midband would invalidate all bullish breakout expectations that have been in play since November 2024.
With only 11 days left in the monthly close, failure to reclaim this level could send XRP into a prolonged sideways bear phase similar to what played out in 2020.
XRPUSDT
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