🚨 Bullish Breakout Ahead? XRP Forms Classic Inverse Head & Shoulders Pattern 🚀
Crypto analyst Ali has identified a key inverse head and shoulders pattern on the XRP/USDT perpetual contract chart on Binance’s 4-hour timeframe. This pattern, known as a potential bullish reversal indicator, suggests that if XRP breaks above the neckline resistance at $2.33, it could trigger a 15% rally toward the $2.65 zone.
Ali’s chart integrates Fibonacci extension levels, pinpointing resistance at $2.47, $2.54, and $2.64, aligning with a possible measured move. XRP is currently trading near $2.29, already showing signs of strength with higher lows forming the right shoulder.
📊 While technical patterns do not guarantee results, they offer traders a strategic lens for potential entries. Keep an eye on volume and momentum indicators as XRP approaches its breakout point.
🔍 Always DYOR (Do Your Own Research). This is not financial advice.
