XRP Just Flashed a Rare Chart Pattern Traders Almost Never See

Key Points

1. Peter Brandt identified a rare 'compound fulcrum' pattern in XRP's price structure, indicating a potential end to the downward trend.

2. If XRP remains above the recent weekly low, Brandt projects a potential rally toward $4.40, a 58% increase from current levels.

3. The pattern is contingent on XRP maintaining support above last week's low; failure to do so would invalidate the setup.

4. The Ripple ecosystem's momentum and potential regulatory developments could further support XRP's price movement.

5. Other analysts and market sentiment suggest XRP may be entering a new phase of growth, though the article cautions about the risks involved in trading.