XRP price has lost the momentum it had late last year. Ripple has remained in a wide range between the crucial support at $2 and the resistance point at $3.40 this year. It is not moving in a well-defined trend and has formed the risky head and shoulders chart pattern.

As of March 21, XRP bounced after testing the triangle’s lower trendline, eyeing a rise toward the upper trendline— around the apex point at the $2.35 level—by April. The ultimate target for this possible breakout is $4.35 by June, up 75% from the current price levels.