XRP is at a crucial point, balancing between bullish momentum and the potential for a major reversal pattern.
A possible Head and Shoulders formation suggests a bearish reversal, but a sustained break above $2.85 would invalidate this pattern.
The price hovers near key Ichimoku levels, reflecting positive momentum, while the Head and Shoulders formation remains a key signal for a bearish breakdown.
The broader sentiment depends on XRP breaking above $2.85 to maintain bullish momentum and prevent a deeper reversal.