XRP Just Flashed a Rare Chart Pattern Traders Almost Never See
2025-07-14 15:11:25
Main Idea
A rare 'compound fulcrum' chart pattern has been identified in XRP's price structure by analyst Peter Brandt, suggesting a potential market bottom and a possible rally to $4.40 if key support levels hold.
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.
Description
A rare technical formation has emerged on the XRP chart, and it’s drawing interest from seasoned analysts. According to Ripple Van Winkle (@RipBullWinkle), legendary chartist Peter Brandt has identified what he calls a “compound fulcrum” in XRP’s structure, an infrequent pattern that often precedes strong reversals. This development comes after months of poor performance for XRP. The digital asset previously attempted a bearish breakdown, which ultimately failed . Now, with the compound fulcrum ...
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