XRP price is poised to trigger a domino effect, reviving the dream of returning to $3.30—here’s a detailed analysis

According to a report by Bijie Network, data from Glassnode shows that the composition of XRP holders is undergoing significant changes, with a sharp decline in short-term speculative supply and a continuous expansion of the medium- and long-term holder group. Meanwhile, inflows into the XRP ETF have turned positive after recent outflows. This shift in market confidence, coupled with the emergence of a large inverse head and shoulders pattern on the chart, suggests a potential domino effect. If the price rises slightly by 3-4% back to the 20-day moving average, it could serve as a technical trigger, leading to a larger increase that ultimately reaches the neckline of the pattern, which is currently about 31% higher than the current level.