XRP News Today: XRP Poised for 12% Surge as Bullish Pattern Emerges

XRP, the cryptocurrency associated with Ripple, is on the verge of a significant breakout as it forms an inverse head and shoulders pattern. This pattern is widely recognized as a reliable bullish indicator in technical analysis. According to Ali Martinez, a renowned crypto analyst, this formation suggests that XRP could surge toward $2.60, provided it breaks through the neckline resistance with strong momentum.

Ali Martinez recently highlighted this bullish reversal pattern on X. The inverse head and shoulders pattern consists of three distinct lows: the left shoulder, the head (a deeper low), and the right shoulder, followed by a breakout above the neckline. When confirmed, this pattern often triggers a strong upward rally. Currently, XRP’s neckline is just above $2.30. Martinez notes that a decisive break above this level could propel XRP to around $2.60, based on the pattern’s technical projection. This target is calculated by measuring the distance from the head to the neckline and adding it above the breakout point.

Beyond the head and shoulders formation, other key technical signals also suggest that XRP is gaining bullish momentum. Notably, XRP recently closed a weekly candle above its 20-week moving average for the first time in over a year, an important trend-reversal signal. The Relative Strength Index (RSI) remains in healthy territory, indicating that the asset is not yet overbought and still has room to climb. Additionally, trading volume has begun to increase, which is essential for validating a breakout. A surge in volume above the neckline would likely confirm the pattern and attract additional buying interest.

XRP’s overall market sentiment has become increasingly positive. After breaking through the $2.33 resistance level, a major barrier in previous months, XRP is gaining renewed investor confidence. This surge in optimism follows XRP’s strongest quarterly candle close in history and growing institutional interest tied to Ripple’s expanding role in cross-border finance. Analysts and traders are closely watching XRP’s price structure, particularly after its breakout from a long-term symmetrical triangle. The convergence of multiple bullish indicators supports the view that XRP could be entering a sustained upward phase.

As XRP continues to test the neckline of the inverse head and shoulders pattern, traders and analysts are anticipating a possible breakout. Ali Martinez’s analysis reinforces the case for a bullish move toward $2.60, provided volume confirms the breakout. If the pattern plays out as expected, XRP may not only reach that target but also open the door to further gains as momentum builds. For now, all eyes are on the $2.30–$2.35 zone, where the battle between bulls and bears could determine XRP’s next major move.