Is $XRP up to something big? The inverted head and shoulders pattern is brewing!
XRP is set to soar! On May 19, 2025, CME futures will officially launch, backed by the world's top exchanges, this wave of momentum is directly maximized! The whole market is now betting that this positive news can trigger a surge in the market, but the technical indicators have already given key signals!
The three-day moving average is stuck at the $2.30 life-and-death line, and now the $2.33-$2.34 range is filled with buy orders. As long as it doesn't fall below this range, the bulls can still breathe. However, if the closing price breaks below $2.30, we will directly see the $2.12-$2.15 bottom-buying zone, and this position must be closely monitored!
Looking upward, $2.56-$2.62 is a critical resistance point, where historical trapped positions are all concentrated, referred to in the community as the "Golden Pocket Resistance Level." If the bulls really want to make a move, they must first break through here!
Importantly, if XRP does drop to $2.12 and then bounces back violently, the technical pattern may form an epic "inverted head and shoulders" formation. Once this pattern is confirmed, the market will definitely be up to something big!
But remember, the pattern has not yet formed; three conditions must be met: first, drop to $2.12, then a violent rebound, and finally break through the $2.56-$2.62 resistance zone!
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