An inverse-head-and-shoulder pattern is developing on the XRP weekly chart, awaiting a breakout toward $1.
XRP (XRP) has lagged behind the broader cryptocurrency market so far in 2024, posting a year-to-date decline of over 15%, while other assets together have gained around 20% during the same period.
However, a mix of fractal and technical indicators shows potential for a great XRP price rebound in the coming weeks.
XRP's weekly chart is showing signs of a potential bullish reversal, with an inverse head and shoulders pattern taking shape.