HomeCryptocurrencyAnalyst: This XRP Chart Makes Me Giga Bullish

Analyst: This XRP Chart Makes Me Giga Bullish

XRP has reached a technical price area that could signal its next move, according to crypto enthusiast Emily. Her latest chart identifies a potential head-and-shoulders formation on the XRP/USDT daily timeframe, with the $1.60-$1.70 region marking the key neckline.

Emily expects the market to reveal its direction through its reaction to this zone, with a breakout potentially sending XRP toward higher levels.

Emily Identifies Head-and-Shoulders Formation

Emily highlighted the setup in an X post and described the XRP chart as giving her “giga bullish vibes.” She identified three key parts of the structure: the left shoulder, the head, and the right shoulder.

The attached Binance daily chart shows the left shoulder earlier in the year. XRP then declined further to form the head before recovering and developing the right shoulder.

Emily marked the $1.60-$1.70 area as the neckline. XRP traded around $1.54 when the chart captured the setup, leaving the price just below the highlighted resistance zone.

She described the current move as a test of the neckline and focused on two possible outcomes. A breakout could strengthen the technical setup, while a rejection could send XRP back into another period of waiting.

$1.60-$1.70 Becomes Key Level

Emily’s chart shows XRP approaching the neckline from below. She then mapped out a potential move above the zone, followed by a retest and another upward move.

Her projected path reaches approximately $2.10. The chart presents that level as part of a potential continuation scenario, not a confirmed price target.

Emily wrote that a breakout “would be interesting from here,” while a rejection would likely return XRP to its previous trading pattern. She also described the setup as straightforward, with the neckline acting as the main level that could determine the next direction.

For the pattern to develop as Emily outlined, XRP would need to move above the $1.60-$1.70 region and hold the area during subsequent price action.

Cexscan Highlights Buying Activity

Cexscan also commented on the neckline test and provided additional market data. The account reported that order book activity around the neckline had reached 41 million USDT in volume over the previous four hours.

Cexscan also reported that taker buys remained below 49%. The figure suggests aggressive buyers had not yet taken clear control during the period referenced in the comment.

The account specifically noted that XRP traders attempting to push the token above $1.60 had not shown strong buying aggression.

XRP’s reaction around $1.60-$1.70 therefore remains central to Emily’s chart setup. A sustained move above the neckline would support the formation she identified, while a rejection would leave the pattern unconfirmed and keep XRP within its existing price structure.

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 advised to conduct thorough 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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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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