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XRP/BTC Breaks Out of Falling Wedge—Here’s Why Traders Are Betting on a Rally
XRP/BTC Breaks Out of Falling Wedge—Here’s Why Traders Are Betting on a Rally
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After weeks of grinding lower, the XRP/BTC pair flashes its first bullish signal in months. A textbook falling wedge pattern—beloved by crypto chartists—just triggered on the daily timeframe.
What’s fueling the optimism? Volume surged as price pierced the upper trendline, suggesting real buying pressure (or at least, fewer bagholders bailing). If historical patterns hold, we could see a 20-30% bounce before hitting resistance levels last seen when Bitcoin was still ’crypto’s safe haven’—laughable in hindsight.
Cynical aside: Watch for the inevitable ’partnership’ announcement if the rally fades. Nothing revives altcoin momentum like vague enterprise blockchain buzzwords.
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