XRP daily chart points to further gains, with $1.32 target

XRP may have room to rise about 16% from its current price of $1.13 to $1.32 after completing an inverse head-and-shoulders pattern on the daily chart, according to an analysis by The Crypto Basic. The outlet said XRP formed a low at $1.05 on July 13, then rebounded about 8% to build the bullish pattern. It added that XRP broke above a downtrend line that had persisted since May on July 21. As long as support around $1.09 holds, the inverse head-and-shoulders pattern remains valid, with a target price of $1.32.