Cryptocurrency analyst Ali Martinez (@ali_charts) has highlighted a potential head-and-shoulders pattern on XRP’s price chart. This pattern, often associated with trend reversals, consists of three peaks: a higher central peak (the head) flanked by two lower peaks (the shoulders). If confirmed, it could indicate that XRP is at risk of a further decline. Martinez’s chart outlines the key levels involved on the asset’s 12-hour chart. The pattern surfaced in late 2024 after a massive surge triggered by former SEC Chair Gary Gensler announcing his resignation . $XRP could be forming a head-and-shoulders pattern! pic.twitter.com/p4bGSddeYJ — Ali (@ali_charts) March 1, 2025 The price dip in the final days of 2024 completed the left shoulder, and the head started forming when XRP began climbing in January 2025. The asset hit a multi-year high of $3.39 before a market decline in early February completed the head formation. A brief resurgence and subsequent decline helped for the right shoulder, and Martinez and the community are waiting for confirmation. The neckline of this formation is a crucial support level that sits just above $1.9—a level that held the digital asset up during the recent market downturn . A decisive break below this level could trigger a sharper sell-off and potentially turn it into a resistance level if the price drops significantly. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Potential Breakdown and Price Target The significance of this formation lies in its historical use by traders as a bearish indicator. If XRP fails to hold the neckline, a price drop could follow, potentially bringing it down to $1.65 or lower. This aligns with another recent analysis by Martinez suggesting that the digital asset has recently broken below an ascending parallel channel , which could accelerate downside pressure. Martinez’s post does not confirm an immediate breakdown but suggests caution among traders. The key to watch is whether XRP can hold above the neckline or if selling pressure will push it below, completing the pattern. Is XRP Going Down? XRP is currently trading at $2.18, sitting comfortably above the neckline. However, the bearish pressure in the market recently pushed Bitcoin below $80,000 for the first time in 2025, and this pressure could present a major challenge to XRP. The reaction to Martinez’s analysis has been mixed, with some traders seeing it as a warning while others remain optimistic about a potential recovery. A separate analysis suggests that XRP could still rally 14% if it finds support. However, if the pattern holds, the risk of a deeper decline remains. 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. Follow us on X , Facebook , Telegram , and Google News The post XRP Forming Head-and-Shoulders Pattern? Here’s the Significance appeared first on Times Tabloid .
