XRP appears to be on the brink of a significant breakout as it forms an inverse head and shoulders pattern, one of the most reliable bullish indicators in technical analysis. According to renowned crypto analyst Ali Martinez (@ali_charts), this formation suggests that XRP could soon surge toward $2.60, provided it breaks through the neckline resistance with strong momentum. Ali Martinez Highlights Bullish Reversal Pattern In a recent post on X, Ali Martinez pointed out that XRP’s price structure is shaping up into an inverse head and shoulders . This pattern typically indicates a shift from a bearish trend to a bullish one and consists of three distinct lows: the left shoulder, the head (a deeper low), and the right shoulder, followed by a breakout above the neckline. When confirmed, the move above the neckline often triggers a strong upward rally. Currently, XRP’s neckline hovers just above $2.30. Ali notes that a decisive break above this level could propel XRP to around $2.60, based on the pattern’s technical projection. This target is calculated by measuring the distance from the head to the neckline and adding it above the breakout point. $XRP looks to be forming an inverse head and shoulders pattern, setting the stage for a potential breakout toward $2.60! pic.twitter.com/rn1C8Skd9E — Ali (@ali_charts) July 7, 2025 Technical Indicators Support the Outlook Beyond the head and shoulders formation, other key technical signals also suggest that XRP is gaining bullish momentum. Notably, XRP recently closed a weekly candle above its 20-week moving average for the first time in over a year, an important trend-reversal signal. The Relative Strength Index (RSI) remains in healthy territory, indicating that the asset is not yet overbought and still has room to climb. Trading volume has begun to increase as well, which is essential for validating a breakout. A surge in volume above the neckline would likely confirm the pattern and attract additional buying interest. Bullish Sentiment Gathers Strength XRP’s overall market sentiment has become increasingly positive. After breaking through the $2.33 resistance level, a major barrier in previous months, XRP is gaining renewed investor confidence. This surge in optimism follows XRP’s strongest quarterly candle close in history and growing institutional interest tied to Ripple’s expanding role in cross-border finance. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Analysts and traders are closely watching XRP’s price structure, particularly after its breakout from a long-term symmetrical triangle. The convergence of multiple bullish indicators supports the view that XRP could be entering a sustained upward phase. XRP Eyes $2.60 as Pattern Nears Completion As XRP continues to test the neckline of the inverse head and shoulders pattern, traders and analysts are anticipating a possible breakout . Ali Martinez’s analysis reinforces the case for a bullish move toward $2.60, provided volume confirms the breakout. If the pattern plays out as expected, XRP may not only reach that target but also open the door to further gains as momentum builds. For now, all eyes are on the $2.30–$2.35 zone, where the battle between bulls and bears could determine XRP’s next major move. 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 Twitter , Facebook , Telegram , and Google News The post XRP Forming Head and Shoulders Pattern: Analyst Says XRP Is Ready for a Big Breakout appeared first on Times Tabloid .
