XRP Faces Final Dip Before Major Surge: Pattern Points to $3.50

The analysis suggests that XRP is currently forming an inverse head-and-shoulders pattern, with a necessary dip to around the high-$1.80s to complete the right shoulder before any substantial rally. The current market structure indicates potential downside risk of approximately 20%, but this is viewed as a crucial move for setting up a significant upward breakout, possibly above $3.50, based on the pattern projections. The broader market environment, including high open interest and Bitcoin dominance approaching levels associated with alt-season, supports the possibility of heightened volatility and sharp moves. Despite the short-term uncertainties, a strong bullish macro outlook remains, with accumulation favored at sub-$2.00 levels.