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Will XRP Price Rally 30% To $2? Bullish Pattern Points To Breakout

Published by
Anjali Belgaumkar

XRP has rallied 27.6% from $1.25 to $1.58, appearing to complete the right shoulder of a major inverse head-and-shoulders pattern on the daily chart, according to analyst Ali Charts. Whales have also accumulated more than $2 billion worth of XRP recently, adding to the bullish setup. The important level now is $1.60, the pattern’s neckline. Ali Charts said a decisive break above it could confirm the formation and trigger another 30% rally toward $2.

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Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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