Is XRP About to Crash to $2.40? Charts Don’t Lie

XRP has been in a steady bullish run throughout July, but cracks are beginning to show. The price recently failed to hold above the key $3.66 resistance, and what once looked like a strong continuation setup now hints at exhaustion. Price action shows clear hesitation near the $3.60–$3.66 region, where multiple “Sell” (S) markers have emerged.
More importantly, the ascending trendline has been broken, and XRP is consolidating beneath it — often a sign of a shift in structure. A lower high has now formed, which could be the early warning of a short-term top.

If buyers can't reclaim the $3.43–$3.60 zone soon, XRP could enter a deeper pullback phase. The former support band between $3.02 and $3.05 is now being tested from below, and if this flips to resistance, further downside looks likely.

There’s a visible liquidity void below $3.00, and with XRP having rallied significantly, a retracement to retest deeper support zones wouldn’t be surprising. Areas like $2.80, $2.40, and even $2.00 are still untouched and could attract buying interest if panic kicks in.

📊 Trading Setup
• Entry (Sell): Around $3.43 (confirmed rejection)
• Stop Loss: Just above $3.66 (key resistance and invalidation zone)
• Target 1: $3.02 (minor support zone)
• Target 2: $2.40–$2.33 (stronger cluster with past reaction)
• Risk-to-Reward: Approx. 1:1.8 — favorable for swing short

The structure is now showing early signs of bearish reversal. The failure to break above $3.66, break of the trendline, and formation of a lower high all signal weakness. If XRP drops below $3.02 and holds there, it may trigger a more aggressive selloff toward mid-$2s. This short setup is valid as long as the price stays below $3.66 — beyond that, bulls might regain control.
Let me know if you want a continuation scenario or need this adapted for tweet threads or YouTube script.