The price of $XRP has entered a strong bear market. It has fallen two digits from the year's maximum to date. On the positive side, the currency has formed an inverted head and shoulders pattern, a common signal of bullish reversal.

It has also formed a bullish divergence pattern as the MACD and the Awesome Oscillator continue to rise. A move above the descending trend line will indicate more gains as XRP ETF inflows continue. The initial target is the psychological point of $2.5, followed by the next level of $3.

XRP

1.866

-0.96%