XRP Price Completes 7-Year Double Bottom Amid Prep For Moonshot To $19
Crypto analyst Bobby revealed that the XRP price has completed a consolidation pattern, hinting at a potential parabolic rally for the altcoin soon. The analyst suggested that XRP’s price could rally to double digits once this rally occurs. XRP Price Eyes Rally To $19 As It Completes Double-Bottom Pattern In an X post, Bobby indicated that the XRP price has completed the macro double-bottom pattern, which it had spent over seven years building. The analyst’s accompanying chart showed that the altcoin is now gearing up for a rally to as high as $19 following the completion of this....
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The classic "double bottom" pattern's success rate of hitting its profit target lies around 78.55%. Ripple's XRP token could hit $1 in the coming sessions per a classic technical chart setup.Dubbed as "double bottom," the trend reversal indicator appears after the price bottoms out at a level, rebounds toward a higher resistance level, and then pulls back to or near the first bottom level, only to rebound again to the previous resistance line (also called neckline).Should the price close above the neckline, it anticipates an extended move upward, the length of which equals the total height....