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XLM, the native token of Stellar and an XRP rival, is poised for a massive price decline as it has formed a bearish price pattern on the four-hour timeframe. The asset is holding above a crucial level, but due to bearish market sentiment and continuous price drops, it has reached a critical make-or-break level.
XLM Technical Analysis and Upcoming Level
According to expert technical analysis, XLM has formed a bearish head and shoulders pattern and is on the verge of a breakout as it currently sits at the neckline. Based on recent price momentum and historical patterns, if the asset breaches this level and closes a four-hour candle below $0.265, there is a strong possibility it could drop by 30% to reach $0.19 in the coming days.
Source: Trading View
Amid the ongoing bearish market sentiment and continuous price decline, the asset has already traded below the 200 Exponential Moving Average (EMA) on both the daily and four-hour timeframes. This indicates a downtrend in both the short term and long term.
Currently Price Momentum
XLM is currently trading near $0.275 and has experienced a price drop of over 4.5% in the past 24 hours. During the same period, due to the market’s unexpected move, its trading volume dropped by 35%, indicating lower participation from traders and investors compared to previous days.
Traders Over-Leveraged Positions
At press time, traders are over-leveraged at $0.27 on the lower level and $0.285 on the upper level, as reported by the on-chain analytics firm Coinglass.
Source: Coinglass
Data further reveals that traders have built $500K worth of long positions at the lower level and $2 million worth of positions at the upper level, indicating that bears are currently dominating. This suggests a strong possibility that the asset could decline in the short term.
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XLM, the native token of Stellar and an XRP rival, is poised for a massive price decline as it has formed a bearish price pattern on the four-hour timeframe. The asset is holding above a crucial level, but due to bearish market sentiment and continuous price drops, it has reached a critical make-or-break level. XLM …
XRP gained only 2% in the past week, signaling weak momentum and fading interest from buyers in the short term.
Technical indicators like the RSI, Ichimoku Cloud, and EMA lines are all starting to reflect increased bearish pressure. Here’s a breakdown of what the charts are saying and what could come next for XRP.
When the RSI drops this quickly, it can often indicate that traders are taking profits or beginning to rotate out of a position, especially after a period of modest gains.
While XRP hasn’t entered oversold territory yet, the drop below the 50 mark is typically viewed as a bearish signal, pointing to a potential shift in sentiment from bullish to neutral or bearish.
The RSI, or Relative Strength Index, is a widely used technical indicator that helps traders gauge the strength of a price trend. It ranges from 0 to 100, with readings above 70 considered overbought and readings below 30 considered oversold.
When the RSI is above 50, momentum is typically bullish, while levels below 50 reflect increasing bearishness. With XRP now sitting at 46.34, it suggests the asset is losing upward momentum and may be at risk of further downside unless buying interest returns soon.
Additionally, the price is now entering the green cloud (Kumo), which represents a zone of uncertainty or consolidation. The cloud ahead is relatively flat and wide, indicating potential support but also a lack of strong upward momentum.
The green Senkou Span A (leading span A) remains above the red Senkou Span B (leading span B), signaling that the broader trend is still slightly bullish—but if price action stays inside or breaks below the cloud, that trend may begin to reverse.
Overall, the Ichimoku setup points to caution for bulls unless XRP reclaims the Tenkan and Kijun lines convincingly.
This repeated rejection at the same level indicates strong selling pressure. The EMAs suggest momentum is fading as the shorter-term average is beginning to bend downward.
A potential death cross, where the short-term EMA crosses below the long-term EMA, appears to be forming. If confirmed, it could signal a deeper correction ahead, with XRP possibly retesting support levels at $2.02 and $1.96.
A breakdown below these levels could lead to a drop toward $1.61. However, if bulls manage to reclaim $2.17, the next resistance at $2.24 becomes the key target.
A clean break above that could trigger a stronger rally, potentially pushing XRP to $2.35 or even $2.50 if momentum accelerates.
