August 14, 2018 to September 20, 2018 marked the formation of a confirmed double bottom chart pattern in Ripple (XRP). Price action after confirmation reached a high of ~$0.79 before the current retracement that is captured with a bearish channel considered to be tentative.
Price action breaking to the upside of the bear channel and also above resistance as indicated by the horizontal blue lines does argue for a bullish bias for Ripple (XRP).
Price action breaking to the upside of the bear channel and also above resistance as indicated by the horizontal blue lines does argue for a bullish bias for Ripple (XRP).
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