XRPUSD may form a reversal Head and Shoulders pattern

XRPUSD may form a reversal Head and Shoulders pattern

XRPUSD has been trading sideways since the end of July. Recently the asset found support at sma200 and started to form reversal Head and Shoulders pattern. The neckline right now is situated at 3.40000. If the price breaks above this level, then the final target could be around 4.0000. Besides this, the asset firmly holds the trendline, which is a good sign for mid-term buyers.