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XRP Must Complete Right Shoulder Before TakeoffâBut How Low First?
XRP bulls appear to be facing one last test of conviction before the marketâs next explosive phase, according to CryptoInsightUKâs video analysis released on 16 June. The British analyst argues that the token is sculpting an inverse head-and-shoulders formation whose right shoulder âstill needs to form around the high-$1.80sâ before any sustained rally can commence. How Low Must XRP Go? In the broadcast, he emphasised that âdense liquidity is below us,â pointing to a confluence of resting bids and stop-loss clusters between roughly $1.92 and $1.80. âI still think it comes down to make the right shoulder which is around 1.88,â he said, adding that a swift wash-out into that pocket would âflush the lows, tap in there and send it.â At present, XRP is changing hands near $2.24, up about 3% over the past 24 hours, which implies a prospective drawdown of roughly 20% if the market fulfills his downside scenario. From the analystâs vantage point, such a retreat is less a cause for alarm than a prerequisite for the next major leg higher: âIf we come down first, weâve done the downside part. Otherwise Iâm still going to be worried about going down even if we come up to $2.42 or higher.â Related Reading: What Are The Implications For XRP If Ripple Captures 14% Of SWIFTâs Volume? He linked the bearish short-term bias to structural forces beyond the XRP Ledgerâs ecosystem. Bitcoin dominance, he noted, has crept toward a historical inflection zone that previously triggered alt-seasons: âAnywhere in this box could be the start of alt-season⊠That would probably coincide with Bitcoin dropping to between $100,000 and $93,000.â A dominance spike fed by a late-cycle Bitcoin dip, he argued, would typically inflict outsized percentage losses on major altcoinsâincluding XRPâbefore liquidity rotates back into them. Within XRPâs own order book, CryptoInsightUK highlighted a âliquidity vacuumâ created by Mayâs capitulation candle. Although the token has since retraced most of that single-session collapse, he described the rebound as âchoppy corrective price action,â lacking the conviction and volume that accompanied earlier impulse waves. The right-shoulder flush, in his view, would neutralise residual leverage, particularly among traders who re-loaded longs too aggressively during the $2.15â$2.40 bounce. How High Can XRP Explode? The inverse head-and-shoulders thesis also features prominently on his long-range chart, stretching back to mid-May. The analyst first published the pattern on X, showing a left shoulder near $2.42, a head at $1.47, and a neckline just above $2.50. Completing a symmetrical right shoulder near $1.88 would, by classical pattern-measuring rules, project an upside target above $3.50âa level not visited since late-2021âs cycle top. Related Reading: Still Sleeping On XRP? Analyst Says $8 Breakout Is âJust Waitingâ Liquidity dynamics across the broader market reinforce his caution. Open interest in perpetual swaps for Ether, he observed, remains âas high as itâs ever been,â suggesting that any sudden drop in majors could spark a forced-liquidation cascade across altcoin pairs. âThese people will be flushed out,â he warned, calling attention to negative-funding episodes that hint at an overcrowded short base waiting to be squeezedâonce the final downside pocket has been filled. Despite the near-term jitters, CryptoInsightUK reiterated a resolutely bullish macro stance. âThe next stage Iâm most certain about is that weâre going to go significantly higher for crypto,â he told viewers. Drawing parallels with goldâs record weekly close, he argued that an undercurrent of global risk aversion is quietly supporting non-sovereign stores of value, positioning both Bitcoin and XRP for accelerated appreciation once the technical reset concludes. For long-term holders, his advice was unequivocal: avoid wholesale portfolio shifts and instead treat any sub-$2.00 wick as a final accumulation window. âDollar-cost averaging from here is a good thing to do,â he said, revealing that 97% of his own capital remains in spot positions, with only a single-digit percentage reserved for surgical bids in the $1.80â$1.92 zone. Whether XRP respects that script will become clear in the days ahead. Should the market indeed sweep into the high-$1.80s and rebound with the aggressive thrust the analyst expects, the right shoulder will be completeâand the runway clearâfor the long-awaited take-off. At press time, XRP traded at $2.23. Featured image created with DALL.E, chart from TradingView.com
XRP Must Complete Right Shoulder Before TakeoffâBut How Low First?
XRP bulls appear to be facing one last test of conviction before the marketâs next explosive phase, according to CryptoInsightUKâs video analysis released on 16 June. The British analyst argues that the token is sculpting an inverse head-and-shoulders formation whose right shoulder âstill needs to form around the high-$1.80sâ before any sustained rally can commence. How Low Must XRP Go? In the broadcast, he emphasised that âdense liquidity is below us,â pointing to a confluence of resting bids and stop-loss clusters between roughly $1.92 and $1.80. âI still think it comes down to make the right shoulder which is around 1.88,â he said, adding that a swift wash-out into that pocket would âflush the lows, tap in there and send it.â At present, XRP is changing hands near $2.24, up about 3% over the past 24 hours, which implies a prospective drawdown of roughly 20% if the market fulfills his downside scenario. From the analystâs vantage point, such a retreat is less a cause for alarm than a prerequisite for the next major leg higher: âIf we come down first, weâve done the downside part. Otherwise Iâm still going to be worried about going down even if we come up to $2.42 or higher.â Related Reading: What Are The Implications For XRP If Ripple Captures 14% Of SWIFTâs Volume? He linked the bearish short-term bias to structural forces beyond the XRP Ledgerâs ecosystem. Bitcoin dominance, he noted, has crept toward a historical inflection zone that previously triggered alt-seasons: âAnywhere in this box could be the start of alt-season⊠That would probably coincide with Bitcoin dropping to between $100,000 and $93,000.â A dominance spike fed by a late-cycle Bitcoin dip, he argued, would typically inflict outsized percentage losses on major altcoinsâincluding XRPâbefore liquidity rotates back into them. Within XRPâs own order book, CryptoInsightUK highlighted a âliquidity vacuumâ created by Mayâs capitulation candle. Although the token has since retraced most of that single-session collapse, he described the rebound as âchoppy corrective price action,â lacking the conviction and volume that accompanied earlier impulse waves. The right-shoulder flush, in his view, would neutralise residual leverage, particularly among traders who re-loaded longs too aggressively during the $2.15â$2.40 bounce. How High Can XRP Explode? The inverse head-and-shoulders thesis also features prominently on his long-range chart, stretching back to mid-May. The analyst first published the pattern on X, showing a left shoulder near $2.42, a head at $1.47, and a neckline just above $2.50. Completing a symmetrical right shoulder near $1.88 would, by classical pattern-measuring rules, project an upside target above $3.50âa level not visited since late-2021âs cycle top. Related Reading: Still Sleeping On XRP? Analyst Says $8 Breakout Is âJust Waitingâ Liquidity dynamics across the broader market reinforce his caution. Open interest in perpetual swaps for Ether, he observed, remains âas high as itâs ever been,â suggesting that any sudden drop in majors could spark a forced-liquidation cascade across altcoin pairs. âThese people will be flushed out,â he warned, calling attention to negative-funding episodes that hint at an overcrowded short base waiting to be squeezedâonce the final downside pocket has been filled. Despite the near-term jitters, CryptoInsightUK reiterated a resolutely bullish macro stance. âThe next stage Iâm most certain about is that weâre going to go significantly higher for crypto,â he told viewers. Drawing parallels with goldâs record weekly close, he argued that an undercurrent of global risk aversion is quietly supporting non-sovereign stores of value, positioning both Bitcoin and XRP for accelerated appreciation once the technical reset concludes. For long-term holders, his advice was unequivocal: avoid wholesale portfolio shifts and instead treat any sub-$2.00 wick as a final accumulation window. âDollar-cost averaging from here is a good thing to do,â he said, revealing that 97% of his own capital remains in spot positions, with only a single-digit percentage reserved for surgical bids in the $1.80â$1.92 zone. Whether XRP respects that script will become clear in the days ahead. Should the market indeed sweep into the high-$1.80s and rebound with the aggressive thrust the analyst expects, the right shoulder will be completeâand the runway clearâfor the long-awaited take-off. At press time, XRP traded at $2.23. Featured image created with DALL.E, chart from TradingView.com