XRP Price Surges 6.6%, Eyes 35% Rally as Inverse Head-and-Shoulders Pattern Forms

XRP's price has surged to $1.39 in recent hours, marking a 6.6% increase over the past 24 hours.

This bullish movement is attributed to an inverse head-and-shoulders pattern forming on the daily chart, with analyst Ali Martinez noting that XRP is 'on the verge of triggering a 35% rally.'

The key resistance level for this pattern is $1.55, and if XRP breaks above it, the pattern could be confirmed, leading to a potential price target of $2.

However, XRP needs to hold above $1.20 to maintain the bullish structure intact, with a break below this support potentially invalidating the pattern.

In addition to the technical setup, higher whale inflows on Binance have been observed, with 1.6 billion XRP being transferred in the past 30 days, the highest level since March 2026.