Fakeout of Summer? XRP Price Fails Major Bull Pattern

Key Points

1. Market analyst Ali Martinez identified a bullish inverse head-and-shoulders pattern on XRP/USDT, with a neckline at $2.30 and potential targets up to $2.68.

2. XRP briefly broke the neckline, reaching $2.32, but then stalled and failed to maintain momentum.

3. The price is now stuck in a range, with key support levels at $2.20 and $2.12, and resistance at $2.35.

4. Short-term traders are monitoring the price action closely, as a failure to move higher could lead to a bearish reversal.

5. The lack of strong buying volume suggests reluctance among bulls to push the price higher.