Ripple (XRP) is showing promising signs of a bullish reversal as it may be forming a classic Head and Shoulders pattern, signaling a potential change in trend in August 2025. Recently, XRP found firm support at the 200-day simple moving average (SMA200) after a period of sideways trading since late July. This support has given buyers confidence to push the price higher and start shaping this reversal pattern.
The neckline of the Head and Shoulders formation currently sits around $3.40, a critical resistance level to watch. If XRP can decisively break above this neckline, it would confirm the pattern and open the door for a strong upside move. The targeted price following such a breakout could reach approximately $4.00, signaling significant upside potential.
Additionally, XRP remains above a key upward trendline, reinforcing underlying mid-term bullish strength. This combination of technical signals makes XRP one of the most exciting altcoins to watch right now for traders anticipating a reversal and rally.
In summary, XRP is on the verge of a hot breakout setup with a potential Head and Shoulders reversal pattern shaping up. Traders should look for a clear daily close above $3.40 to confirm the breakout and prepare for a move toward the $4.00 target.
Trade smart, stay alert, and get ready for Ripple’s next big move.
