$XRP
🚨 XRP price technical analysis 🚨
The daily chart shows that XRP price is wavering and has retested the 50-day Exponential Moving Average at $2.2850. It has formed an inverse head and shoulders pattern, with the neckline at $2.5812.
The coin has already completed the formation of the head and shoulders structure and only needs to move above the neckline.
A move above the neckline at $2.5812 will point to more gains, potentially to the year-to-date high of $3.40, up by 45% from the current level. A drop below the psychological point at $2 will invalidate the bullish outlook.
