Following a 27.6% rally from $1.25 to $1.58, $XRP appears to have completed the right shoulder of a major inverse head-and-shoulders pattern on the daily chart.
Meanwhile, whales have recently accumulated more than $2 billion worth of XRP.
Now, everything comes down to $1.60.
A decisive break above the neckline could confirm the pattern and trigger another 30% rally toward $2.
In its moment of truth, Bitcoin was able to avoid a bearish retest of the multi-month Daily RSI Higher Low (blue) and avoid a bearish retest of the $77k Daily level (orange)
Bitcoin managed to decisively break both its Daily Price Lower High (black) and Daily RSI Lower High (purple)
Bitcoin is now breaking out from its Macro Range (green-red)
And in doing so, Bitcoin has rallied to a new Macro Higher High, confirming an invalidation of the multi-month series of Macro Lower Highs