Peter Brandt's XRP Chart Shows Potential Inverse Head-and-Shoulders Near $1.50-$1.55
- —XRP trades near $1.52 after a weekly candle that gained 7.89% and peaked at $1.6569
- —The pattern's neckline sits in the $1.50-$1.55 zone, which XRP is testing rather than clearing
- —A confirmed structure implies a measured move of roughly $2.05-$2.10
- —The chart's ADX reading of 28.74 signals meaningful trend strength
Why it matters: A sustained break above $1.50-$1.55 would confirm the pattern and open the door to $2.05-$2.10; failure keeps XRP in consolidation.
Source: The Crypto Basic