XRP Price Analysis: Inverse Head-and-Shoulders Breakout Puts Ripple on Track $2.80
CoinDesk
XRP broke key resistance at $2.50, confirming an inverse head-and-shoulders pattern that targets a potential move toward $2.80.Summary
XRP surged past the $2.50 resistance level with a 31% volume increase, confirming a technical inverse head-and-shoulders pattern that was forming since mid-October. This breakout, supported by improved macro sentiment and risk-on flows into altcoins, suggests a potential continuation phase toward the $2.65–$2.80 range. The move was defined by controlled accumulation, with elevated spot volume indicating genuine buying interest. Traders are now watching if $2.50 can hold as new support; failure to close above this level would invalidate the bullish structure, potentially leading to a drop toward $2.40–$2.42 support. Sustained volume is required to validate the continuation toward the $2.70–$2.80 targets.
(Source：CoinDesk)