XRP double bottom
A double bottom on a24h hour timeframe is a technical pattern that signals a potential trend reversal from bearish to bullish.
The chart shows the potential of a double bottom, but confirmation is key. Watch for:
• A breakout above the resistance level (2.1530-2.2000) with increased volume.
• Positive signals from MACD and RSI moving out of bearish zones.
If confirmed, this pattern could indicate a bullish reversal, leading to upward momentum in XRP. Until then, caution is advised, as the trend could still continue downward without confirmation.
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