
“Next Stop $3.60? XRP Price Eyes Big Move If This Bull Pattern Validates”
After a tumultuous week of sideways movement and fakeouts, the price chart structure for XRP has finally started to take shape in a way that’s more concrete. As XRP’s price spent recent sessions coiling above the crucial psychological point of $3, a fresh wave pattern is emerging – one that suggests bulls may have gained enough momentum to propel the asset upwards.
The foundation of this “double bottom” setup is a textbook higher low, followed by an incremental five-wave bounce that has already pushed XRP’s price back into the $3.14 range, according to Ali Martinez.
Furthermore, the fact that the price re-approaches this pivotal resistance level around $3.25 solidifies the bullish thesis even more. It appears as though any meaningful continuation would be contingent on a close above this threshold.
Source: u.today