#Explain XRP Prepares to Resume Uptrend with an Inverted H&SH Pattern đŻđŻ
đ„ "XRP Prepares to Resume Uptrend with an Inverted H&SH Pattern"
This means analysts believe XRPâs price may soon move upward (bullish trend), based on a specific chart pattern called the Inverted Head and Shoulders (H&SH) pattern.
---
đ§ What is an Inverted Head and Shoulders Pattern?
Itâs a bullish reversal pattern that signals the end of a downtrend and the start of a potential uptrend.
It looks like this on a chart:
Shoulder Head Shoulder
| | |
( ) ( ) ( )
Left Shoulder: Price drops, then bounces a bit.
Head: Price drops lower than before, then rises again.
Right Shoulder: Price drops again, but not as low as the head, then starts moving upward.
---
đŻ Key Signal
When the price breaks above the neckline (the resistance line connecting the two âshouldersâ), it confirms the start of a new uptrend â meaning XRP might rise further.
---
đ In Short
Pattern name: Inverted Head and Shoulders
Type: Bullish (uptrend signal)
Meaning: XRP may be reversing from a bearish trend to a bullish one.
Goal: Traders often expect higher prices after this pattern confirms.