The post XRP Forms Inverse Head And Shoulders Pattern, Why A Surge To $3.3 Is Possible appeared on BitcoinEthereumNews.com.

XRP has been one of the most-watched altcoins recently, with multiple developments emerging for its parent company, Ripple. However, while Ripple has seen a lot of positives, XRP has continued to struggle when it comes to price. Amid the selling, bulls have put up an impressive fight to hold the support above $2.2 for the time being. This has led to the formation of a new inverse head and shoulders pattern that could signal a reversal is coming. Analyst Highlights Bullish Formation For XRP Price Crypto analyst TheSignalyst, in a new analysis, showed that the XRP price has begun another bullish formation. This time around, it is the Inverse Head and Shoulders pattern that often precedes a surge for an asset. Not only has this formation come at a critical junction, it happened while bulls have maintained strong support levels. Through the market downtrend, the XRP price has been able to hold above $1.75 and $2, which the analyst points out as a major level. The return to this support level has brought a fresh wave of bullishness, and the XRP price could be ready for another uptrend from here. Presently, all eyes are on this support level, and TheSignalyst revealed that if XRP is able to hold this level, then the rally could be in motion. They point to the green neckline, which is shown in the chart as sitting just above $2.3, and this is the resistance that needs to be broken for the price to rally in the short term. For the long term, the analyst suggests that a clean break above the $2.66 level is needed. This is what would provide confirmation for a bullish continuation. If the setup holds, then the analyst puts the top of formation as high as $3.3 in the long term.…

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Filed under: News - @ July 10, 2025 10:22 am