Rounded Top Forming – Will XRP Hold the $2 Support Line?

XRP is currently showing signs of weakness as it continues to drift lower beneath a rounded distribution arc. The price action indicates a potential rounded top pattern, which typically suggests a gradual shift from bullish to bearish sentiment.

The asset has broken below the mid S/R zone and is now trading near a crucial strong support area, just above the 200 EMA — which is acting as dynamic support at around $1.95. This level is a key battleground for bulls and bears.

DYR, NFA