XRP Bulls Eye 30% Rally to $2 After Whale Accumulation

XRP has been on an upward trajectory, surging 27.6% from $1.25 to $1.58 in recent times.

This price movement appears to be completing a major inverse head-and-shoulders pattern on the daily chart, according to analyst Ali Charts.

A key indicator of this bullish setup is the accumulation of more than $2 billion worth of XRP by whales, adding weight to the potential breakout.

The crucial level for confirmation now stands at $1.60, which marks the pattern's neckline.

If XRP decisively breaks above this level, it could confirm the formation and potentially trigger another 30% rally toward $2.