XRP Breaks Neckline, Launches Bullish Roadmap to $2.10
The XRP token has been forming an inverse head-and-shoulders reversal structure on its daily chart, according to analysts. This pattern is mathematically precise and targets a price of $2.10.
The left shoulder formed during June's consolidation, the head was at the August lows around $1.00, and the right shoulder is currently in the $1.32, $1.36 range.
A key trigger for this pattern to be considered technically complete is a daily candle close above the neckline at $1.55.
If this happens, it could launch a bullish roadmap targeting $2.00, with a potential move of roughly 35%.