XRP Sees Bullish Chart Pattern, Targets $2 with Key Break Above $1.55

Crypto analyst Ali Martinez predicts that XRP is targeting $2 if it completes an inverse head-and-shoulders pattern on its daily chart. The key level to watch for this pattern is around $1.55, known as the neckline.

Martinez's analysis suggests that a break above $1.55 would confirm the pattern and set up a 35% rise toward $2. He also notes that there is room for XRP to move higher beyond this target.

According to CoinMarketCap data, at the time of Martinez's analysis, XRP was trading around $1.31, which represents a 30% gain over the past month.