Out on the vast, digital plains of the crypto world, XRP, one of the most-watched altcoins, has been a tale of struggle and hope. Amid the storm of selling, the bulls have been fighting a valiant battle to hold the support above $2.2, like farmers clinging to their last bit of fertile soil. This struggle has led to the formation of a new inverse head and shoulders pattern, a sign that perhaps, just perhaps, a reversal is on the horizon.
Analyst Highlights Bullish Formation For XRP Price
Crypto analyst TheSignalyst, with the wisdom of a seasoned farmer, has noted that the XRP price has begun another bullish formation. This time, it’s the Inverse Head and Shoulders pattern, a formation that often precedes a surge for an asset. This pattern has emerged at a critical juncture, just as the bulls have maintained strong support levels, like a sturdy fence holding back a flood.
Through the market downtrend, the XRP price has managed to hold above $1.75 and $2, which TheSignalyst points out as a major level. The return to this support level has brought a fresh wave of optimism, and the XRP price could be poised for another uptrend, like a seed finally breaking through the soil.
Currently, all eyes are on this support level, and TheSignalyst has revealed that if XRP can hold this level, the rally might just be in motion. The green neckline, a critical resistance, sits just above $2.3, and breaking through this level is essential for the price to rally in the short term.
For the long term, the analyst suggests that a clean break above the $2.66 level is needed. This would provide the confirmation for a bullish continuation. If the setup holds, the analyst predicts the top of the formation could reach as high as $3.3, a distant but hopeful horizon for XRP investors.
Analysts Predict Higher Prices
The calls for higher prices for XRP have grown louder, like the rumble of thunder before a storm. Analyst Crypto Virtuos noted that the XRP trading volume saw a notable uptick of 125% in a 24-hour period, a sign that interest is ballooning once again.
Amid this rise in momentum, the crypto analyst, just like TheSignalyst, explained that $2.3 is the hurdle that is currently holding the XRP price back. The cryptocurrency needs to overcome this level to see a continuation of the uptrend, like a river breaking through a dam.
At the time of writing, the XRP price is still trending below $2.3, with sellers showing signs of exhaustion. Once the selling stops, the bulls could trigger another upward wave to retest the resistance at $2.3, a moment that could be as pivotal as the first rain after a long drought.
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2025-07-10 12:41