
Jakarta, Pintu News – The price of XRP is in the spotlight after experiencing significant gains on Wednesday by breaking out of the resistance area for the past few months. This movement has revived bullish sentiment among traders.
Experts monitoring closely now believe that after this spike, the potential for further gains could push the XRP price to even higher levels.
This optimism is supported by a number of positive developments experienced by its parent company, Ripple.
Experts now believe that the price movement has formed a new inverse head and shoulders pattern, which may be an indication of a potential long-term trend reversal in the near future.
Additionally, investor sentiment has also shifted towards a more bullish view, with many predicting that XRP will continue to trend upwards and target higher levels by the end of July.
Crypto analyst TheSignalyst recently highlighted that the price of XRP has formed an Inverse Head and Shoulders pattern.
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This formation comes at a crucial moment, coinciding with a strong support level that bullish traders have been defending for the past few months.

Currently, Bitcoin has also surpassed its June highs, and XRP is riding the momentum, with prices having risen to $2.45. The analyst noted that in the short term, the price of XRP could potentially reach a range between $2.62 to $2.66.
Looking ahead, TheSignalyst points out that a convincing breakout above the $2.66 level is essential to confirm the continuation of the bullish trend.
If this pattern holds, the analyst estimates that XRP prices could potentially reach as high as $3.30 in the long term.
XRP price is showing significant bullish strength, with today’s momentum supported by several bullish indicators.
The MACD indicator revealed the formation of a golden cross, with the histogram rising at 0.0277. Currently, the MACD line is at 0.0440, while the signal line is at 0.0164.

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Moreover, the Awesome Oscillator (AO) also supported the bullish sentiment, with its histogram rising to 0.1196. The Chaikin Money Flow (CMF) indicator also showed a positive trend, jumping from the 0 line to 0.11, reflecting an increase in fund inflows into the market.
Furthermore, the Relative Strength Index (RSI) also continued to rise, approaching overbought territory at 67.48. This indicates a strong possibility of a further price surge in the short term before the market becomes overheated.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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