XRP Creates Suspicious Market Pattern

Key Points

1. XRP's price is currently at $3.12, down from $3.70, and does not fit conventional market structures.

2. The market is susceptible to unexpected drops, especially if retail holders' confidence wanes.

3. Technical indicators like the 21-day EMA and RSI suggest XRP is not yet oversold, but further decline is possible.

4. If the $2.99-$2.75 support range fails, XRP could drop to $2.50.

5. The current pattern resembles a capitulation candle, indicating potential rapid downward movement.