TL;DR
XRP’s inverse head and shoulders pattern failed, leaving sellers in control near the $3.10 resistance.
Active addresses dropped to 38,303 in late August, reflecting weak network support behind price moves.
Analyst fractal points to $4.30 breakout, but sustainability is questioned without stronger on-chain activity.
Price Pattern Shows Reversal Setup, But Momentum Fades
XRP recently formed an inverse head and shoulders pattern, a structure that often suggests a possible change in trend. The pattern was visible toward the end of July, with the price attempting to break higher. While the setup pointed to a potential reversal, the move stalled shortly after.
BitGuru noted that the pattern failed to gain traction.
“XRP showed an inverse head & shoulders pattern, but failed to sustain momentum,” they said.
The weak breakout left the market open for renewed selling, keeping price movement within a broader downtrend that has been in place since late July.
$XRP Battling t
We współpracy z: https://cryptopotato.com/xrps-bullish-pattern-emerges-but-bear-pressure-persists/
