XRP/BTC Chart Hints at Potential Bullish Reversal

In an optimistic development for XRP investors, the XRP/BTC trading pair has experienced significant price gains in recent days, rising over 7% in the past 24 hours. This short-term surge is notable, but it’s the chart pattern behind this movement that may signal a larger shift in momentum. According to TradingView data, a falling wedge pattern is forming on the daily XRP/BTC chart, often associated with an impending bullish reversal. A falling wedge appears when an asset’s price trend weakens and decreases momentum. The pattern is characterized by converging lower highs and lower lows, creating a cone-like shape. }