XRP Seeks Breakout Past $1.55 for Potential 35% Rally to $2

XRP's price has been steadily increasing after rebounding from lows near $1 and consolidating around $1.40.

Market analyst Ali Martinez points to an inverse head-and-shoulders pattern forming on XRP's daily chart as a bullish reversal signal.

The formation is characterized by the right shoulder currently developing, with the neckline of the pattern located at approximately $1.55.

If buyers push XRP above this key resistance zone and confirm the breakout, analysts estimate a potential 35% rally from the neckline level, placing the token near the psychologically important $2 mark.