XRP’s multi-month uptrend may be approaching a critical inflection point, according to technical analyst Josh Olszewicz, known online as @CarpeNoctom. In a chart published on X, Olszewicz highlighted a well-defined bearish reversal pattern, warning that a breakdown could trigger significant downside movement. “I’d be shocked if this actually breaks higher,” the analyst wrote, adding in a livestream that the structure “continues to be the only thing I care about on this chart.”
Could This Be The End Of The XRP Bull Cycle?
His central thesis is built on a classic head and shoulders pattern, a formation widely recognized by traders as a precursor to a major trend reversal. The chart, based on the XRP/USD daily timeframe, reveals a symmetrical triple-peak structure that fits the textbook
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