XRP price is back trading at right around a dollar per token, but according to a rare bottoming pattern spotted by a legendary technical trader on the Bitcoin trading pair, the surge is only just getting started.
However, there’s a catch. When it comes to this particular chart pattern and crypto – the same trader has gotten it very wrong before. Is this time different, or will this “powerful” bottom signal confirm?
XRP Begins Long Painful Road To Recovery After SEC Storm
Ripple and company executives are still locked in a legal battle with the SEC, but just this week had a major victory in the court requiring the release of documents that offer insight into the entity’s findings on other cryptocurrencies: Bitcoin and Ethereum.
Related Reading | XRP Targets New All-Time Highs After Surviving SEC Slaughter
Before the news even broke, XRP pumped to more than $1 per token for the first time since 2018 on the USD