XRP Needs to Complete the Right Shoulder Before Takeoff—But How Low First? 🔥🔥🔥🔥🔥🔥

The bulls of XRP seem to be facing a final test of conviction before the next explosive phase of the market, according to the video analysis by CryptoInsightUK released on June 16. The British analyst argues that the token is carving out an inverted head and shoulders formation, whose right shoulder 'still needs to form around $1.80 highs' before any sustained rally can begin.

In the video, he emphasized that 'there is dense liquidity below us', pointing to a confluence of pending offers and stop-loss clusters between approximately $1.92 and $1.80. He believes the price still needs to drop to form the right shoulder around $1.88, adding that a quick drop within that range 'would clear the lows, touch there, and send the price up'. Currently, XRP is trading near $2.24, which implies a possible drop of about 20% if the bearish scenario materializes.

From the analyst's perspective, such a pullback is less a cause for alarm and more a prerequisite for the next big bullish move. He relates the short-term bearish bias to structural forces beyond the XRP Ledger ecosystem. According to him, Bitcoin dominance is approaching a historical inflection zone that previously triggered alt-seasons, which could coincide with a drop in Bitcoin to between $100,000 and $93,000.

Within the XRP order book, CryptoInsightUK highlighted a 'liquidity vacuum' created by the capitulation candle in May. Although the token has recovered most of that single session drop, he described the recovery as a 'corrective and unstable price action', lacking the conviction and volume that accompanied previous impulse waves. In his view, forming the right shoulder would neutralize the residual leverage, especially among traders who aggressively reloaded long positions during the recovery from $2.15 to $2.40.

The inverted head and shoulders thesis also prominently appears in his long-term chart, dating back to mid-May. The analyst published the pattern showing a left shoulder near $2.42, a head at $1.47, and a neckline just above $2.50. Completing a symmetrical right shoulder near $1.88 would project a bullish target above $3.50, a level not visited since the cycle peak at the end of 2021. The liquidity dynamics in the broader market reinforce his caution, with open interest in perpetual swaps for Ether remaining 'as high as ever', suggesting that any sudden drop in major assets could trigger a cascade of forced liquidations.