XRP Prints Inverse H&S Pattern. Analyst Suggests Price for Coming Fed Meeting

Crypto analyst Block Bull has drawn attention to XRP’s latest chart structure, pointing out the formation of an inverse head-and-shoulders pattern. The analyst suggested that the setup could position XRP for a move toward $3 before the next Federal Reserve meeting slated for Wednesday.

The chart he shared shows the token trading around $2.63, with a well-defined left shoulder, head, and right shoulder, and a neckline breakout suggesting possible continuation toward the next major resistance near $3.

Community Reaction to the Analysis

Block Bull’s post generated several responses from market participants who largely viewed the setup as constructive. An X user, FutureChain, noted that XRP’s inverse head-and-shoulders pattern appeared solid, describing the $3 target before the Fed meeting as ambitious but achievable if current momentum continues.

Another commenter, PRITAM07, offered a similar outlook, anticipating XRP to touch $2.70 in the short term before advancing to $3 by Thursday. These comments reflect cautious confidence that the pattern could drive a further rise if technical conditions remain favorable.

Technical Overview and Pattern Implications

The inverse head-and-shoulders formation typically signals a potential shift from a downward to an upward trend once the neckline is successfully broken. In Block Bull’s chart, XRP appears to have completed this breakout, establishing higher lows and a stronger upward slope as it moves toward the projected price target.

The immediate resistance stands around the $3.09 level, representing the next significant hurdle for the asset. If the momentum sustains, this target could mark an important recovery point following previous consolidation phases.

Market Context Ahead of the Fed Meeting

The timing of this potential move adds another layer of interest, given the upcoming Federal Reserve meeting midweek. Historically, such meetings can influence digital asset markets through shifts in monetary policy sentiment or broader risk appetite.

Traders are monitoring whether a stable macro environment could support continued technical strength for XRP in the days leading up to the announcement. While enthusiasm for the pattern is evident, some analysts caution that volatility surrounding the meeting could affect short-term movements regardless of the technical outlook.

Further Considerations

Block Bull’s identification of the inverse head-and-shoulders pattern has reinforced optimism among XRP traders looking for a continuation of recent gains. The $3 level remains the primary target in the short term, and analysts and traders alike are closely watching how price action develops as the Fed meeting approaches.