XRP price rallied toward the $1.50 resistance level on Sunday after forming a bullish inverse head-and-shoulders pattern amid renewed strength across the broader crypto market.
According to data from crypto.news, XRP (XRP) price was near $1.45 at press time on May 11 after briefly surging above $1.50 earlier in the session. The token has gained sharply over the past several days as bullish momentum accelerated alongside Bitcoin’s move above key psychological levels.
The latest rally comes as overall market sentiment continues improving following easing macroeconomic concerns and stronger inflows into major digital assets. Altcoins have also benefited from renewed speculative demand as traders rotate back into higher-beta cryptocurrencies.
On the 4-hour chart, XRP appears to have completed a textbook inverse head-and-shoulders pattern, a formation widely viewed as a bullish reversal setup. The pattern consists of a lower “head” between two higher lows acting as the shoulders, with price now breaking above the neckline resistance near the $1.45 zone.
A successful breakout above the neckline often signals the beginning of a stronger upward continuation move.
In XRP’s case, the measured move derived from the height of the pattern projects a potential upside target near the $1.58 region, which also aligns closely with a previous resistance zone visible on the chart.
If bulls manage to sustain momentum above the neckline breakout area, XRP could attempt to reclaim levels not seen since the first quarter of 2026.
Momentum indicators are also beginning to favor buyers. The MACD has completed a bullish crossover on the 4-hour timeframe, while the histogram continues printing expanding green bars, signaling strengthening upside momentum.
At the same time, the Aroon indicator shows the Aroon Up line holding above 70 while the Aroon Down line remains subdued, reflecting strong bullish trend conditions and weakening bearish pressure.
However, XRP still faces immediate resistance near the $1.50–$1.58 range, where recent rejection wicks suggest some traders are beginning to take profits after the sharp rally.
If bulls successfully clear the $1.58 resistance level, the next upside target could emerge near the psychological $1.70 area.
On the downside, failure to hold above the neckline breakout near $1.45 could invalidate the bullish setup and pull XRP back toward support levels around $1.40 and $1.35, where buyers previously stepped in during the recent consolidation phase.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
