XRP has performed well over the past two days. It has risen consecutively the day before yesterday and yesterday, with the price climbing from $1.85 to around $1.91. After reaching a high yesterday, it started to pull back, but from a technical perspective, there are still some points of interest—the 1-hour candlestick chart shows a double bottom pattern in the lower region, with the second low just recently completed. Interestingly, the 1-hour chart has since formed three consecutive bullish candles, a trend that is worth paying attention to when it appears at the bottom. As of now, XRP is trading at $1.899, with a 24-hour increase of approximately 2.42%. In the short term, the buying opportunity at this level is indeed worth considering.
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ProofOfNothing
· 6h ago
The double bottom just finished forming, and now there are three consecutive bullish candles. This rhythm is a bit something.
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LayerHopper
· 6h ago
Both double bottoms have appeared, and the three consecutive bullish candles are still there. This correction is really an opportunity.
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MEVictim
· 6h ago
The double bottom has formed, three consecutive bullish candles are interesting, but don't get too excited, buddy.
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GasFeeCrier
· 6h ago
The double bottom is indeed a bit interesting, but these few positive lines don't take it too seriously, it is easy to chase the quilt high
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BrokenDAO
· 6h ago
The double bottom pattern always sounds very convincing—until the next breakdown, when you realize that technical patterns are essentially just post-hoc rationalizations. Three consecutive bullish candles are indeed good, but the question is, who can guarantee that this "bottom" won't be redefined? No one dares to vouch for XRP's liquidity.
XRP has performed well over the past two days. It has risen consecutively the day before yesterday and yesterday, with the price climbing from $1.85 to around $1.91. After reaching a high yesterday, it started to pull back, but from a technical perspective, there are still some points of interest—the 1-hour candlestick chart shows a double bottom pattern in the lower region, with the second low just recently completed. Interestingly, the 1-hour chart has since formed three consecutive bullish candles, a trend that is worth paying attention to when it appears at the bottom. As of now, XRP is trading at $1.899, with a 24-hour increase of approximately 2.42%. In the short term, the buying opportunity at this level is indeed worth considering.