NEWS ABOUT XRP🧨🧨
XRP pulled back after last week's surge, but the structure beneath the price remains constructive. A classic inverse head and shoulders pattern is forming, and the upside projection remains around 34% if the XRP chart pattern completes with increasing buying pressure.
However, on-chain behavior reveals that not all buyers have the same profile. Some accumulations strengthen the possibility of a breakout, while other buying movements increase short-term risks. The bullish scenario appears feasible, but the diversity of participants may determine whether XRP's price breaks decisively or returns to stagnation.
Chart structure still indicates possibility of breakout attempt
The recent decline in XRP is helping to form the right shoulder of an inverse head and shoulders pattern. This pattern emerges when selling pressure weakens after a sharp low and buyers gradually gain strength. As long as the price remains above $1.77, the pattern stays active. If it breaks with confirmation above the neckline, the projection could reach 34%, reaching approximately $3.34.
