Looking at $XRP on the weekly.
Think we're about to see $2+ again — structure's lining up.
Inverse head and shoulders pattern forming. Left shoulder printed, head bottomed out, right shoulder building now. Neckline's the key resistance zone to break.
What confirms it: Clean break above neckline with volume. That's your entry signal. Measured move from the pattern projects us back toward that $2 handle and potentially higher.
What kills it: Failure to break neckline and rejection back into the right shoulder range. If we lose the low of the right shoulder, pattern's invalidated.
This is textbook reversal structure. The inverse H&S is one of the most reliable continuation setups after a downtrend — you're watching accumulation turn into distribution at higher prices.
Watch the neckline break. That's where the trade activates.
Think we're about to see $2+ again — structure's lining up.
Inverse head and shoulders pattern forming. Left shoulder printed, head bottomed out, right shoulder building now. Neckline's the key resistance zone to break.
What confirms it: Clean break above neckline with volume. That's your entry signal. Measured move from the pattern projects us back toward that $2 handle and potentially higher.
What kills it: Failure to break neckline and rejection back into the right shoulder range. If we lose the low of the right shoulder, pattern's invalidated.
This is textbook reversal structure. The inverse H&S is one of the most reliable continuation setups after a downtrend — you're watching accumulation turn into distribution at higher prices.
Watch the neckline break. That's where the trade activates.
