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XRP Head and Shoulder Neckline and Break Could Trigger Bullish Breakout Toward New $5 ATH Price

XRP Head and Shoulder Neckline and Break Could Trigger Bullish Breakout Toward New $5 ATH Price

CryptonewslandCryptonewsland2025/03/10 17:11
By:by Nicole D'souza
  • Ripple’s XRP prints a head and shoulder neckline and break sign.
  • Analysts believe if a break above the right shoulder occurs, then a bullish turn will arrive.
  • This bullish turn will invalidate the bearish pattern and propel XRP to $5 ATH price.

The price of pioneer crypto Bitcoin (BTC) is hanging in the $80,000 to $83,000 price range. This draws the attention of major price analysts to promising altcoins like ETH and XRP instead. Presently, one analyst sees that an XRP head and shoulder neckline and break signal on the XRP price chart could trigger a bullish breakout for the altcoin. 

XRP Head and Shoulder Neckline and Break

In detail, Ripple’s XRP is considered one of the most bullish altcoins this bull cycle. Specifically, many seasoned analysts expect a phenomenally parabolic pump to take the price of XRP to a new ATH of $4 and above, an ATH that could even take the price of XRP to $27 and $99 this bull cycle . 

Indeed, there are many bullish price predictions for Ripple’s XRP , after all, this altcoin missed the bull pump last bull cycle due to its case with the SEC. Now, having emerged victoriously from the battle with the SEC, analysts are making heavily bullish predictions for XRP to hit much higher ATH targets this bull cycle. 

Bullish Breakout Toward $5 XRP ATH Price

If $XRP avoids closing below the head-and-shoulders neckline and breaks above the right shoulder instead, it could invalidate the bearish pattern. This move might trigger a bullish breakout toward $5! pic.twitter.com/f2845kE4UC

— Ali (@ali_charts) March 9, 2025

As we can see from the post above, this analyst is especially bullish for XRP at the moment as he sees a neck and shoulder neckline and break indicator that could likely trigger a bullish breakout for the altcoin. If this breakout were to play out, then XRP would invalidate the bearish pattern and move towards hitting a bullish new ATH price of $5.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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