The Ripple price has remained on edge this week even after Donald Trump included it in his Strategic Crypto Reserves. XRP moved to $2.5, much lower than the year-to-date high of $3.4. It has also formed a head-and-shoulders pattern, indicating a potential reversal and entering the markup phase of the Wyckoff Theory. This article explores the top XRP rivals to consider.
XRP Rivals As Ripple Price Forms Head and Shoulders Pattern
If the XRP price enters the markup phase of the Wyckoff Theory, there is a risk that it will suffer a harsh reversal in the coming weeks. The coin has formed a head-and-shoulders pattern, with a neckline at $2 and shoulders at around $3.
H&S is one of the most bearish patterns in the market, and a drop below the $2 support could indicate further declines. If this happens, the coin may crash to the 61.8% retracement level at $1.60, followed by the 78.6% retracement level at $1.1150.
There are many XRP rivals to consider, including Pi Network (PI), Polkadot (DOT), and Hedera Hashgraph (HBAR).
Pi Network (PI)
Pi Network is a newly listed XRP rival with substantial potential in the coming weeks. Numerous catalysts may push its price higher. For example, as a Made in USA coin, it may receive preferential treatment from the Trump administration.
Pi Network is bracing for more major exchange listings, including by companies like Binance, Coinbase, and Kraken. Besides, it has become clear that Pi coin is not a scam since most pioneers have received their allocations after years of ‘mining.’ Odds of a spot Pi Network ETF have risen as it has become a $12 billion coin.
Pi Network has strong technical indicators, having formed a falling wedge pattern and showing bullish divergence. This points to possible gains in the coming days. A surge to its all-time high would imply a 70% move from the current level.
Polkadot (DOT)
Polkadot’s price has a higher chance of rebounding with the potential approval of a spot DOT ETF. It has strong technicals now that it has formed a quadruple-bottom pattern whose neckline is at $11.83. A jump to that resistance level will point to a 170% increase from the current price.
Polkadot price has formed a falling wedge chart pattern, further solidifying the bullish view. On top of this, the developers are working on Polkadot 2.0, which aims to improve the Polkadot network significantly. For example, developers will be able to build dApps directly on the network instead of following the long path of parachain auctions.
Hedera Hashgraph (HBAR)
Due to its solid fundamentals, Hedera Hashgraph is a strong contender among XRP’s rivals. Just recently, it partnered with Swift, a company that handles trillions in annual transactions. It also has partnerships with some of the biggest companies globally, like Google, IBM, and Ubisoft.
Technically, the HBAR price has formed a break-and-retest pattern by moving back to $0.1860, the highest swing in April last year. This pattern, known as break-and-retest, is a popular continuation signal. Therefore, the coin will likely keep rising as the odds of an HBAR ETF approval rise. The next key level to watch will be $0.40, up 65% from the current level.
Other Top Ripple Rivals To Buy
There are several other XRP rivals to consider that have a lot of potential. Notable names are Tron, Bitcoin, Solana, and AAVE.
READ MORE: Top 3 Reasons the Hedera HBAR Price May Surge to $2.50 in 2025
