Core Viewpoint - XRP has experienced a pullback after a recent rally, but the underlying price structure remains positive, with a potential upside of approximately 34% if the inverse head-and-shoulders pattern completes successfully [1][2]. Price Structure - The recent dip in XRP is contributing to the formation of the right shoulder of an inverse head-and-shoulders pattern, which remains valid as long as the price stays above $1.77. A confirmed breakout above the neckline could target around $3.34, representing a 34% increase [2]. Technical Indicators - A significant technical development is occurring with the 20-day exponential moving average (EMA) approaching the 50-day EMA, indicating a potential golden crossover. This crossover typically signals improving momentum and trend stabilization, favoring continuation rather than a breakdown [3]. Momentum Data - The Money Flow Index (MFI), which tracks the flow of money into or out of XRP, has been trending higher despite the price decline since early November, indicating that demand is building even during pullbacks [4]. Buyer Behavior - On-chain data reveals that two groups of large holders (whales) are actively accumulating XRP. Wallets holding between 1 million and 10 million XRP increased their balances from approximately 3.54 billion to 3.55 billion tokens, demonstrating consistent buying behavior even during price dips [6]. Accumulation Patterns - Larger holders, those with between 10 million and 100 million XRP, initially reduced their exposure during the rally but began accumulating again as the right shoulder formed, increasing their holdings from about 11.07 billion to 11.13 billion XRP, which equates to an addition of roughly 60 million tokens or about $130 million in renewed accumulation [7].