XRP Price Eyes a Domino Effect to Relive the $3.30 Dream – Here’s How

The XRP price is showing signs of a potential major upward move, driven by underlying structural changes rather than current minor price action. Speculative supply held for less than a month has sharply decreased, while medium-to-long-term holders (6 months to 2 years) are increasing their positions, indicating a shift from speculation to conviction. This is further supported by positive net inflows into XRP ETFs after a period of outflows.

Technically, XRP is forming a large inverse head-and-shoulders pattern. The immediate trigger for the 'domino effect' is reclaiming the 20-day Exponential Moving Average (EMA), which requires only a 3-4% move and previously preceded a significant rally. This momentum is supported by a bullish divergence on the Relative Strength Index (RSI). The sequence is: RSI stabilizes $\rightarrow$ EMA reclaim $\rightarrow$ momentum builds $\rightarrow$ neckline comes into play $\rightarrow$ neckline breaks, activating the breakout.

Large holders ('whales') have also shown cautious accumulation post-January 25, aligning with the emerging bullish signals. If the pattern completes with a break above the neckline (around $2.52), the measured upside projects a move toward $3.30, a level XRP reached last October. The structure is invalidated if the price falls below $1.76.

(Source：BeInCrypto)