XRP News Today: XRP Forms Inverse Head and Shoulders Pattern as Price Tests $3.15 Resistance and Holds $3.09 Support

Generated by AI AgentCoin World
Sunday, Aug 17, 2025 1:36 pm ET1min read
BTC
--
XRP
--
Aime RobotAime Summary

- XRP forms an inverse head and shoulders pattern on 4-hour chart, with $3.15 resistance and $3.09 support as key levels.

- Price remains in $3.09-$3.15 range despite 4% USD decline, showing relative strength against Bitcoin with 0.5% gain.

- Analysts await confirmation of $3.15 breakout for bullish signal, while breakdown below $3.09 risks renewed bearish pressure.

- Market consolidation reflects indecision, with technical observers emphasizing need for closing above $3.15 to trigger upward momentum.

XRP has formed an inverse head and shoulders pattern on the four-hour chart, with the neckline aligned closely to the $3.15 resistance level. The price currently hovers near $3.13, having tested the key levels repeatedly without confirming a breakout. The support level at $3.09 has remained resilient, with consistent buying pressure reinforcing its significance in the short-term structure [1].

The token’s recent performance shows a 4.0% decline against the U.S. dollar over the past week, pulling it away from higher ranges above $3.25. However,

XRP
has shown relative strength against
Bitcoin
, gaining 0.5% in the same period. This cross-pair movement highlights a divergence in performance, with XRP maintaining a stable position compared to BTC despite the dollar-based downturn [1].

The current trading range between $3.09 and $3.15 has defined the short-term dynamics for XRP, with buyers defending the support level while resistance continues to cap upward movement. Analysts are closely monitoring whether the price can close above the neckline at $3.15 to confirm the pattern’s bullish implication. Until then, the token remains in consolidation, reflecting indecision among market participants [1].

Looking ahead, the immediate focus is on two key levels: $3.09 for support and $3.15 for resistance. A break above $3.15 would validate the inverse head and shoulders pattern and potentially open the door for further gains. Conversely, a breakdown below $3.09 could signal a shift in momentum and lead to renewed bearish pressure. The ability of XRP to maintain stability within this defined range will be crucial in determining the near-term direction [1].

Technical watchers emphasize the importance of a confirmed close above $3.15 to trigger a breakout scenario. Until that happens, the market remains in a state of cautious observation, awaiting a clear directional signal from the price action [1].

Source: [1] XRP Builds Inverse Head and Shoulders as Price Holds $3.09 Support and Tests $3.15 Breakout (https://cryptonewsland.com/xrp-builds-inverse-head-and-shoulders-as-price-holds-3-09-support-and-tests-3-15-breakout/)