XRP PRICE UPDATE

Coin Name: #Xrp🔥🔥

This XRP/USDT chart illustrates an Inverse Head and Shoulders pattern, a classic bullish reversal signal. The left shoulder, head, and right shoulder are clearly marked, with the price forming a downward structure before breaking above the neckline. This indicates that selling pressure is weakening, and buyers are stepping in to push prices higher. The breakout above the trendline suggests a shift in momentum, with a potential rally ahead. The yellow projection arrow indicates an expected price target, which is measured by the height of the head added to the breakout point. If XRP sustains momentum above resistance, it could continue its upward trajectory toward the projected target. However, a failed breakout could lead to consolidation or a retest of lower support levels.

I can see that this chart represents Bitcoin dominance on the 4-hour timeframe, showing a range-bound movement between two horizontal resistance and support levels. The price repeatedly tests both levels, forming a rectangular consolidation pattern. Recently, a descending trendline (blue) has formed, indicating lower highs and increasing bearish pressure. The price is currently breaking downward, suggesting a potential move toward the lower support around 60.30% dominance. A breakdown below this level could trigger further downside momentum.

This is my personal prediction, but as we all know, the crypto market is highly volatile. If you’re considering this trade, be sure to conduct your own thorough research before making any decisions.