XRPLong
XRP Bullish Double Bottom
A double bottom is characterized as a 10-20% drop from a recent price point, followed by a small rebound and another 10-20% drop. This is a typical bullish signal, foreshadowing a coming bullish trend. investopedia.com/terms/d/doublebottom.asp
Being a long term signal and the current price, the second bottom wouldn't be confirmed until the price fell another one or two cents from the current price of ~21 cents, and could be as large as a five or six cent loss from the peak in between the two bottoms, landing around ~18-20 cents. This could take 3 days to a week.
Being a long term signal and the current price, the second bottom wouldn't be confirmed until the price fell another one or two cents from the current price of ~21 cents, and could be as large as a five or six cent loss from the peak in between the two bottoms, landing around ~18-20 cents. This could take 3 days to a week.
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