The XRP price is facing a significant risk of a big crash this year as it has formed a head and shoulders chart pattern, indicating potential double-digit losses in the coming weeks. The price has also dropped below the 50-day Exponential Moving Average, suggesting bears are gaining momentum. If the price falls below the important support level at $2, it could reach the key support at $1.1395, about 50% below its current level. Additionally, the Wyckoff Theory suggests that XRP is currently in the distribution phase, and a break below the head and shoulders neckline could lead to panic selling in the market. Despite potential positive news from the SEC and the approval of a Ripple ETF, the XRP price may still crash as these developments have already been priced in by investors.



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