XRP Price Needs to Replicate This Four-Month-Old Move to Get a 33% Rally ‘Moving’
XRP's price action suggests a potential bullish reversal if it can reclaim key technical levels, mirroring a setup from four months prior.Summary
XRP has recently underperformed, dropping about 6% weekly, but its chart suggests a potential trend reversal via an inverse head-and-shoulders pattern. For this rally to materialize, XRP must reclaim the 100-day Exponential Moving Average (EMA), a level that previously preceded rallies of 12% to 16% in September. On-chain data shows that whales and long-term holders have been accumulating XRP since mid-January, indicating conviction despite recent price dips.
Furthermore, derivatives markets show an extreme skew, with short leverage vastly outweighing long leverage (over 95% shorted). This imbalance creates potential fuel for a short squeeze if prices move up. The critical price levels are $2.24 to confirm strength and reclaim the 100-day EMA, followed by the $2.48–$2.52 zone, which could activate a projected 33% rally. Failure to hold $1.84 or $1.77 would invalidate the bullish structure.
(Source：BeInCrypto)