The post XRP Paints Falling Star Pattern, Is Bitcoin (BTC) $110,000 Correction Imminent? Ethereum (ETH) Euphoria Continues appeared on BitcoinEthereumNews.com.

Ethereum riding up Bitcoin getting exhausted Following one of the most violent rallies among the major altcoins, XRP now seems to be displaying the falling star candlestick pattern, a crucial technical indicator that frequently precedes short-term reversals. Strong intraday rejection at higher price levels is indicated by the most recent daily candle on XRP’s chart, which is taking the shape of a traditional falling star with a long upper wick, small real body and little-to-no lower shadow.  An extended bullish phase is frequently followed by this formation, which is regarded as a bearish reversal pattern if a red follow-up candle and increasing selling volume are present. Before sellers intervened, forcefully pushing the price back down and removing the tall wick, XRP soared to a local high of about $3.70.  XRP/USDT Chart by TradingView Bulls are losing ground to resurgent sell pressure, which is a sign that the market is having difficulty maintaining euphoric buying. As of press time, XRP is trading at about $3.49, continuing its strong week-to-date gains. However, the Relative Strength Index (RSI) has crossed over into overbought territory, breaking the 88 mark.  This demonstrates the asset’s potential for overheating and its susceptibility to consolidation or a cool-down. Over the past two weeks, XRP has outperformed many of its L1 peers – when viewed from a wider market perspective. Its explosive move has been bolstered by institutional interest and volume spikes, but without structural support, speculative momentum can only drive the price so far.  The market would likely reverse or pull back toward the $3.20 or even $3.00 level. In the upcoming days, XRP should either enter a consolidation phase or correct lower if this falling star candle holds and a bearish session follows. In order to avoid a more significant retracement, bulls will need to protect their…

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Filed under: News - @ July 19, 2025 2:34 pm