XRP hovers at key $1.87 neckline, testing Head and Shoulders breakdown risk.
Shrinking volatility and weak ADX suggest a sharp price move may be imminent.
Open interest climbs to $1.6B, with futures up 9.35% amid breakout speculation.
The price of XRP is at a major technical inflection point as it tests a vital support level that forms the “neckline” of a potential Head and Shoulders top pattern. The formation, highlighted by veteran analyst Peter Brandt, has put the market on high alert, as a break of this level could determine the asset’s next major directional move.
XRP is currently trading at $1.97, showing a mere 1.80% increase over the last 24 hours, still down 14% over the past seven days. The focus has now shifted entirely to the chart’s structure.
Treat the Apr 7 overshoot as an out-of-line movement and we have a possible H&S top in $XRP
For the sake of the uneducated trolls among you, this chart need NOT be interpreted as bearish
Price is at support right now
I will review if price closes below 1.8xxxx pic.twitter.com/YlsqLi2SzN
— Peter Brandt (@PeterLBrandt) June 23, 2025
Neckline at $1.87 Is the Key Level to Watch
Brandt identifies the Apr…
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