What makes this setup even more compelling is the presence of an inverse head and shoulders pattern within the channel a classic bullish reversal formation. This pattern, forming after a long sideways trend, adds serious weight to the bullish narrative. It suggests that the accumulation phase is coming to an end, and buyers are preparing to take control.
A breakout above the upper boundary of the channel would confirm the pattern and could trigger a strong rally. Once XRP breaks out with volume, it may leave the consolidation zone behind for good and momentum could carry it to much higher levels.
Traders should watch closely for confirmation and manage risk accordingly. Always use a stop-loss to protect your capital. The opportunity is clear.
Buy level : Above $2.2
Stop loss : Below $1.95
Target : $3.5
Max leverage 3x
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