The post Bitcoin risks 30% loss against XRP if ‘triple bottom’ confirms appeared on BitcoinEthereumNews.com.

XRP has significantly lagged behind Bitcoin in 2024, but a recent Mt. Gox- and German government-led sell-off in the BTC market may spark renewed interest in the altcoin. After hitting a four-year low, XRP (XRP) appears on the brink of a comeback against the Bitcoin (BTC) trading pair. Fueling this optimistic turnaround is the emergence of a classic bullish pattern, namely the triple bottom formation. A triple bottom pattern develops when the price forms three distinct lows, all reaching a similar price level, thus indicating strong support. After the third low, the price breaks above the neckline resistance level formed between the lows and, as a rule of technical analysis, rises by as much as the maximum distance between the pattern’s lowest point and the neckline. Read more Source: https://cointelegraph.com/news/xrp-triple-bottom-30-price-boom-against-bitcoin?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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Filed under: News - @ July 14, 2024 5:24 am