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XRP price chart 'double bottom' puts next bullish target at $1

Published 08/11/2021, 11:00 AM
Updated 08/11/2021, 12:40 PM
XRP price chart 'double bottom' puts next bullish target at $1
XRP/USD
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Ripple's XRP token could hit $1 in the coming days, according to a classic technical chart setup.

Dubbed a "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 the "neckline").

XRP double bottom setup in play. Source: TradingView

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