Crypto analyst CoinsKid has drawn attention to a prominent inverse head and shoulders pattern emerging on the daily XRP/USDT chart. The formation, which consists of a left shoulder, head, and right shoulder, is traditionally interpreted as a bullish reversal signal in technical analysis when it forms after a sustained downtrend. CoinsKid noted that he has been monitoring this macro pattern for some time, citing its recent interaction with key resistance levels. Rejection at the Neckline Aligned with Expectations The neckline resistance, identified on the chart at approximately $2.60, has proven to be a significant obstacle. As per CoinsKid’s commentary, he anticipated the recent rejection at this level, aligning with historical resistance behavior that often follows the completion of the right shoulder in this pattern. The chart, taken from TradingView, clearly marks the left shoulder around March, the head in April near the $1.61 level, and the right shoulder forming in late May. CoinsKid emphasized that the “invalidation of this macro reversal pattern is the head,” underscoring the importance of the $1.61 support zone. A breakdown below this level would negate the pattern and shift the technical outlook bearish. However, as long as XRP continues to hold above this region, the pattern remains valid. Invalidation of this macro reversal pattern is the head. I have been tracking this for a while. That's why I expected a rejection at the neckline resistance. #xrp hold the HEAD!! and take out the neckline and we should see the technical target at $4.22 met. pic.twitter.com/JV5oGA8jcq — CoinsKid (@Coins_Kid) June 6, 2025 Measured Move Points to $4.22 Technical Target He said, “That’s why I expected a rejection at the neckline resistance,” pointing out that the consolidation below this line is consistent with the technical structure’s usual behavior. The analyst concluded his post with a clear target if the pattern confirms: “#xrp hold the HEAD!! and take out the neckline and we should see the technical target at $4.22 met.” The $4.22 price level, drawn vertically from the head to the neckline and then projected upward from the breakout point, represents the measured move of the pattern. This target implies a nearly 94% price increase from the neckline, should XRP successfully break and close above $2.60 on significant volume. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Possible Upside Momentum Toward Late June In response to a question from another user, ElliotHODLs, who asked whether the next significant move could occur toward the end of June, CoinsKid replied , “It’s should be moving up by then yes.” This suggests that he expects bullish momentum to resume within the next few weeks, potentially aligning with broader technical and market confluence. Key Support and Resistance Levels to Watch While CoinsKid’s analysis is rooted in classical charting methods, the successful execution of this pattern would require XRP to maintain the head level and breach the neckline with sustained buying pressure. As of now, XRP is trading at $2.17, approximately 17% below the neckline. The chart indicates that the structure remains intact, but the coming sessions will be critical for confirming the direction. This outlook highlights the significance of the $1.61 support and $2.60 resistance levels. Traders closely watching XRP will likely view this pattern as a key technical signal, provided market conditions remain favorable and volume supports the potential breakout. 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. Follow us on X , Facebook , Telegram , and Google News The post XRP to $4.22? Analyst Spots Bullish Inverse Head and Shoulders Pattern appeared first on Times Tabloid .
