CandleFocus Top Trader Says XRP Is Still Facing Major Bearish Pattern
2025-03-06
Author: Content Editor
Prominent cryptocurrency analyst Josh Olszewicz believes that XRP is still at risk of a bearish reversal, as it is currently on "H&S watch" referring to the head and shoulders pattern. Olszewicz suggests that XRP bulls need to reclaim the $2.85 level to eliminate the likelihood of a bearish reversal. XRP is currently trading at $2.51 on the Bitstamp exchange. The token experienced a significant rally after being included in a strategic crypto reserve, but has since given up most of its gains. In contrast, Bitcoin (BTC) is nearing the $93,000 level as it was confirmed to have a special status in the reserve.
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