Crypto analyst Ali Martinez (@ali_charts) recently highlighted a head-and-shoulders pattern forming on XRP’s daily chart. This technical formation is often considered a bearish reversal signal, suggesting that the asset could experience a significant price drop if it fails to hold key support levels.
The chart by Martinez illustrates the classic structure of the head-and-shoulders pattern. The critical support level, the neckline, is around $2.05. If XRP breaks below this level, it may decline toward lower prices, possibly below $1.50.
If $XRP can break above $3, it would invalidate the current head-and-shoulders pattern, potentially flipping the outlook bullish. pic.twitter.com/B6mrtXm1TS
— Ali (@ali_charts) March 28, 2025
Can XRP Invalidate the Bearish Pattern?
While the current outlook appears bearish, Martinez noted that an upward breakout could shift sentiment. Specifically, he stated that “if XRP can break above $3, it would invalidate the current head-and-shoulders pattern, potentially flipping the outlook bullish.” A move above this level would disrupt the pattern’s structure and could lead to renewed buying pressure, supporting a continued uptrend.
A decisive break above $3 would indicate strong bullish momentum and could attract traders anticipating a reversal. Such a move might also coincide with broader market strength or fundamental developments that drive demand for XRP.
Martinez has been tracking this head-and-shoulder pattern for some time now, and without such a breakout, the technical structure remains unfavorable.
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XRP’s Potential Next Move
XRP’s price action will largely depend on market conditions and investor sentiment in the coming days. If selling pressure intensifies and the neckline breaks, a bearish continuation could follow. On the other hand, sustained buying pressure and a push above $3 could shift the narrative toward a more optimistic outlook.
The digital asset is trading at $2.19 and has experienced a drop of over 7.5% from last week despite news of the SEC dropping its appeal against Ripple. Analysts expect a trend reversal soon, and traders will likely monitor XRP’s price closely for confirmation.
However, a breakdown below support would validate the head-and-shoulders pattern’s bearish implications. While a breakout above $3 would challenge this technical setup, the digital asset has not reached this price since its decline in early February, and some in the community are worried that it may not reclaim this level. For now, XRP remains at a critical juncture, with technical signals pointing to a decisive move in either direction.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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