XRP eyes $2 as analyst spots inverse head and shoulders breakout risk

XRP traders are watching a potential bullish reversal signal after analyst Louie identified an inverse head and shoulders pattern on XRP’s long-term chart, setting $2 as a possible next target. The analysis gained wider attention when cryptocurrency commentator Austin Hilton shared Louie’s chart with his audience. Louie, a market analyst known for his technical chart breakdowns, described the setup as a “clean inverse head and shoulders reversal potentially forming on the high time frame.” This pattern, visible across XRP’s 2026 price action, typically signals a potential change in trend after an extended decline.

Source: CoinTurk News