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# XRP Displays Typical Upside Down Head and Shoulders Configuration, Target Value Is Located Here
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Per crypto specialist Ali, XRP is creating an upside down head and shoulders configuration on its weekly diagram. This configuration underlines the $2 support stage, which Ali remarks could be essential to uphold.
XRP’s optimistic surge commenced in early November 2024 and topped at $3.39 in January 2025. Since that time, XRP’s value has wavered between $1.79 and $3.36.
The upside down head and shoulders configuration forecasts a trend turnaround from optimistic to pessimistic. The configuration is distinguished by a baseline with three peaks, the central one being the uppermost and the external two being of comparable altitude. This configuration frequently signals that an upswing may be nearing its conclusion.
XRP, the fourth-biggest virtual currency by market capitalization, is creating a typical turnaround configuration on its weekly diagram, which, if verified, could impact its value.
In early March, XRP declined by 27.36% prior to the bulls commencing a bounce back. According to figures from TradingView, XRP’s recuperation is still underway subsequent to concluding up 7.41% in the previous week.
Ali disseminated a depiction of the XRP/USDT weekly diagram on Binance, accentuating the left shoulder, head, and right shoulder. According to the value diagram, XRP must uphold the $2 support stage to avert declining to $1.25.
As of this composition, XRP is down 0.22% in the past 24 hours to $2.34.
In the near future, the price of Ripple’s XRP will probably be greatly affected by general market patterns and investor attitude.
The entire digital currency market has recently encountered selling stress, primarily as a result of macroeconomic ambiguities. This week, market players will be carefully monitoring the most recent Federal Reserve policy meeting on Wednesday, where authorities will evaluate and determine whether to change borrowing costs. The market largely anticipates the Fed to maintain borrowing costs constant, with traders forecasting a 99% chance of this result.
