$XRP The daily XRP chart shows price compressing at a pivotal inflection point where structure, trendlines, and momentum converge. The pattern resembles a developing inverse head-and-shoulders within a long-term descending trendline.
The left shoulder formed during early consolidation, the head at October’s sharp capitulation low, and the price now attempts to carve out a right shoulder above critical $2.00 support. The rising neckline aligns with the $2.00-$2.05 region, making it structurally important for bulls to defend.
Price presses into a narrowing range between ascending short-term support and descending macro resistance, indicating volatility compression that often precedes decisive movement.
Sustained acceptance above $2.00 suggests buyers are absorbing supply. Provided XRP holds above this support, the right-shoulder structure remains valid, and downside risk stays limited.
The RSI has reclaimed 50 and trends toward mid-50s, signaling a shift from bearish to neutral-bullish momentum without overbought conditions, reflecting improving demand rather than speculative excess.
A decisive daily close above the descending trendline would confirm a structural breakout and open pathways toward $2.50-$2.70 initially, with $3.00 becoming the next major target if momentum expands.
Failure to hold $2.00 would invalidate the right-shoulder setup and expose XRP to downside pressure.
Overall, the chart favors upside resolution with price coiling for a breakout that could mark a transition from consolidation into a broader trend reversal.
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