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XRP breaks May downtrend line, fuels hopes of rebound to $1.32

XRP has formed an inverse head-and-shoulders pattern on the daily chart, supporting expectations of a rise to $1.32, an analysis said. The pattern remains valid as long as XRP holds above $1.09. The token also broke a downtrend line that had capped rebounds since May. Analysts cited whale-led exchange outflows and stronger futures positioning as bullish signals, while warning that a break below $1.09 could weaken the scenario.