XRP Price Chart Flashes Inverse Head/Shoulders Pattern That Could Trigger Rally To $3.9
The post XRP Price Chart Flashes Inverse Head/Shoulders Pattern That Could Trigger Rally To $3.9 appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP’s price has slipped by 4.7% in the past 24 hours, continuing a pattern of high volatility that has defined much of March. Amid this decline, however, some see opportunity, with one popular analyst identifying an interesting reversal pattern that could turn the tide to bullish trajectory. Related Reading Inverse Head And Shoulders Pattern Appears On XRP Chart XRP has extended its decline run from $2.47 into the past 24 hours. Particulary, XRP is currently down by 13.8% in the past three days and now looks like it could easily break below $2.10. Crypto analyst Egrag Crypto took to social media platform X to highlight what he called a “most probably inverse head and shoulders” pattern currently unfolding on XRP’s daily timeframe. The pattern, which has been developing since early March, is now in the final stages of forming the second shoulder. As such, this phase might still see further short-term downside, as XRP potentially dips again to complete the structure of the second shoulder before a breakout rally. If confirmed, the inverse head and shoulders would lead to a strong bullish reversal, which is going to be significant given XRP’s recent price retracement. According to Egrag Crypto, the measured move from the completion of this formation could send the price to a price range between $3.7 and $3.9. Analyst Says XRP Could Reach All-Time High In 90 To 120 Days The inverse head and shoulder analysis is part…
Filed under: News - @ March 29, 2025 5:31 pm