• XRP’s head and shoulders pattern has been invalidated on the 4-hour chart.
  • Traders are watching $0.74490 for a potential breakout and price surge.
  • Despite market slowdown, XRP shows resilience, with potential for a major move.

The highly anticipated head and shoulders pattern on Ripple (XRP) 4-hour chart has officially been invalidated. Many traders had their eyes on this potential setup, hoping for a clear signal of direction. 

Despite the failure of this technical pattern, XRP isn’t throwing in the towel just yet. While the broader crypto market cools off, Ripple is showing signs of gearing up for something big.

The potential 4hr head and shoulders has now been invalidated for #xrp 🙌 #xrp is trying to make a move here whilst the rest of the market is cooling off.

Unfortunately, we are still seeing lower highs for the time being. Take out $0.74490 and things will begin to get very… pic.twitter.com/xYLkKzHwBs

— CoinsKid (@Coins_Kid) September 28, 2024

XRP Fights Back Against the Market Trend

Although the head and shoulders pattern didn’t play out, XRP is attempting to make a move. The rest of the crypto market has slowed down, but Ripple continues to press forward. 

However, the chart is still printing lower highs. Traders are eyeing $0.74490 as the price to watch. XRP’s current position is like a coiled spring—building tension before an explosive release. 

The crypto market might be cooling, but Ripple’s potential remains hot. Investors are waiting for the moment when XRP takes center stage and begins its climb.

Breaking $0.74490 Could Be a Game-Changer

The $0.74490 level represents more than just a number; it’s a psychological threshold for traders. Breaking through it could inject a fresh wave of optimism into the Ripple community . 

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XRP is standing at the edge of a cliff, waiting to take a daring leap into the unknown. Until then, however, the lower highs continue to dominate the chart, casting a shadow over the price action. 

But beneath this uncertainty lies hope, as the possibility of an upward breakout still lingers. The path ahead isn’t crystal clear, but one thing is certain: Ripple is not done yet.

XRP holders remain patient, waiting for that crucial moment when the tide might finally turn. When that happens, XRP will be on an exciting new trajectory.

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