XRP (XRP) remains stuck inside the $2.65 to $2 range, indicating a balance between supply and demand.
The 20-day EMA ($2.35) is flattening out, and the RSI is near the midpoint, suggesting that the
XRPUSDT
pair may extend its stay inside the range for a few more days.
A break and close above $2.65 will complete a bullish inverse head-and-shoulders pattern, which has a target objective of $3.70. Alternatively, a break below the $2 level suggests that the bears have overpowered the bulls. That increases the likelihood of a drop to $1.60 and subsequently to $1.27.