Here’s XRP’s path to $2, according to analyst
XRP could be on track for a move toward $2 if a key technical pattern continues to develop on its daily chart. According to an Analysis shared by market analyst Ali Martinez in an X post on September 18, the cryptocurrency is forming the right shoulder of an inverse head-and-shoulders pattern, a setup widely viewed by traders as a bullish reversal signal. The formation comes after XRP rebounded sharply from lows near $1 and is now consolidating around $1.40 as the market watches a critical resistance zone. The analyst identified the neckline of the inverse head-and-shoulders pattern near $1.55. This level represents the key hurdle XRP must overcome to validate the bullish setup. XRP price analysis chart. Source: Ali Martinez On the chart, the left shoulder formed during May, while the head developed around August when XRP briefly fell toward the $1 level. The current price structure suggests XRP is now building the right shoulder before attempting a breakout. ...