XRP Falling Wedge and Inverse Head and Shoulders Point to Imminent Reversal
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As of July 20, 2026, XRP is trading around the $1 psychological level at $1.08 after several weeks moving in a narrowing range on the daily chart. A falling wedge and an inverse head-and-shoulders formation point to a possible imminent bullish reversal, implying upside pressure on the token and potential positive impact on crypto and DeFi markets.
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XRP currently changes hands around the $1 psychological level, with two well-known bullish chart patterns pointing to a possible trend reversal. Now trading for $1.08, the token has spent the past several weeks moving within a narrowing price range, which has allowed a falling wedge and an inverse head and shoulders pattern to form on the daily chart.
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