Technical analysis
The XRPUSD pair has formed a notable inverted head and shoulders price pattern on the four-hour time frame with significant upside potential.
The MACD and Relative Strength Index indicators on the four-hour time frame have not yet started to generate clear sell signals.
What the possible outcomes are
In our most likely scenario, the XRPUSD pair will start to rally towards the 0.9000 level after breaking past the 0.7700 support area.
Alternatively, XRPUSD pair corrects one final time back towards the 0.6700 support level and then starts to rally towards the 0.9000 resistance level.
Key levels
Support 0.7000 0.6700
Resistance 0.7700 0.9000
