XRP is approaching confirmation of an inverse head-and-shoulders pattern on the daily chart with a neckline at $1.55. Analysts are targeting $2.00, representing approximately 35% upside if a decisive breakout occurs. Over the past 30 days, large investors transferred a six-month record of 1.5 to 1.6 billion XRP to Binance, signaling bullish positioning. Key support for buyers sits at $1.32 to $1.33. The CFTC continues to classify the token as a digital commodity, largely protecting it from SEC enforcement actions.
Source: Read the original article
