XRP Price Outlook: Potential Breakout Looms, Will It Reach $3 or Dip Below $2?

Ripple’s price action presents a dynamic scenario this week. Recent consolidation below a crucial supply zone follows the 200-day moving average reclaiming its position at $2.6. While short-term momentum remains bullish, XRP lacks decisive breakout to signal a sustained reversal. Key resistance emerges around $2.7, aligning with potential neckline from the inverse head-and-shoulders pattern, which indicates a potential medium-term shift in price direction.