The $XRP token has come very close to confirming a major inverse head-and-shoulders reversal structure on the daily chart. According to analysts, including well-known chart tracker Ali Martinez, a price close above the key resistance level could officially launch a bullish roadmap targeting $2.00.
The entire chart structure has been forming throughout the summer and looks mathematically precise:
- Left shoulder: June consolidation.
- Head: the absolute bottom at the August lows around $1.00.
- Right shoulder: the current plateau in the $1.32–$1.36 range.
The main trigger right now is the so-called neckline at $1.55. As soon as a daily candle closes above this resistance, the pattern will be considered technically complete. The clean geometry of the pattern projects a move of roughly 35%, directly toward the psychological $2.00 level.
The situation is also being fueled by the moving averages: the 50-day EMA has moved extremely close to the 200-day EMA, with a gap of less than 2%, signaling the potential formation of a classic medium-term golden cross.
Market absorbs liquidity faster than whales bring it in: What to know about $XRP
While technical analysis points to potential upside, on-chain data from CryptoQuant adds hard economic context to the story. Over the past 30 days, large investors have transferred a six-month record of 1.5–1.6 billion $XRP to Binance.
In exchange practice, such volumes are often deposited for margin collateral, derivatives contracts, or over-the-counter transactions rather than for immediate selling on the open market.
The very fact that the arrival of this enormous amount of liquidity has not triggered panic, while $XRP‘s spot price continues to hold firmly within the boundaries of the right shoulder, points to strong positioning among buyers. The market is successfully absorbing this supply, creating a foundation for a potential shortage of coins once whale inflows begin to decline.
Buyer confidence is also being supported by a stable news backdrop. The U.S. Senate’s rejection of the CLARITY Act on September 15 was a negative signal for the market, but the CFTC continues to treat the token as a digital commodity, largely removing it from most SEC claims.
At the same time, Ripple is expanding the network’s fundamental utility. The beta testing of $XRP Ledger integration into Stripe and Tempo infrastructure, which began on September 17, opens a clear niche for the token in instant micropayments between autonomous AI programs.
The roadmap to $2.00 is ready, but the fate of the rally is being decided within the current price corridor. The key task for bulls is to defend right-shoulder support at $1.32–$1.33. If a daily close confirms a breakout above the $1.55 neckline, the launch of the projected 35% move will become a matter of technical execution.