💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
#Content Mining Asset management company Bitwise has submitted an application for an XRP exchange-traded fund (ETF) in Delaware. According to the documents, the XRP ETF is registered for September 30, 2024, with the trustee being CSC Delaware Trust Company located in Wilmington, Delaware. Ripple CEO Brad Garlinghouse previously stated that the launch of an XRP ETF is 'inevitable,' and this application provides institutional investors with the opportunity to access XRP through regulated investment vehicles, potentially further boosting liquidity and adoption of the token.