The analysis suggests that XRP is on the verge of completing a bullish inverted head and shoulders (H&S) pattern on the daily chart. If confirmed and the neckline resistance is breached, XRP could rally above $1 in the short term, with an initial target of $1.10. The Bollinger Bands and Relative Strength Index (RSI) also support a potential bullish scenario. XRP is currently trading slightly above the middle Bollinger Band, indicating that buyers remain in control. The lower Bollinger Band has provided solid support, while the upper band is acting as near-term resistance. The RSI reading suggests positive momentum, indicating further potential for XRP's rise in the near term.



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