$XRP Spotting XRP's Bullish W Pattern

A bullish "W" pattern, or double bottom, on XRP's chart is a strong reversal signal indicating a potential shift from a downtrend to a new uptrend.

This pattern forms when the price creates two distinct troughs at a similar support level, separated by a moderate peak. The middle peak creates the "W" shape and establishes a key resistance line called the neckline.

Confirmation occurs when XRP's price breaks decisively above this neckline resistance. The breakout should be accompanied by rising volume, projecting an upward move equal to the distance from the troughs to the neckline.

Ultimately, this pattern suggests selling exhaustion and the building of a powerful new bullish foundation for XRP.$POWER $PIPPIN

XRP

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