XRP has formed a candlestick pattern that suggests a potential bullish reversal.<\/p>\n
The asset has been in a nosedive state for the past several weeks, dropping by more than 20% since its peak in mid-July.<\/p>\n
The technical term spinning bottom occurs when the underlying asset\u2019s price goes through wide swings in both directions, but ultimately closes near its opening level. The long upper and lower wicks suggest that both bulls and bears were active, but neither side managed to gain the upper hand.<\/p>\n
In situations where this setup forms after a steep decline and near a key support level, it\u2019s regarded as a generally bullish sign as bears might be losing momentum. In XRP\u2019s case, this has been evident for the past month and a half as the asset plunged from its ATH of $3.65 in mid-July to a low of $2.7 market yesterday.<\/p>\n
As with all technical indicators, the spinning bottom does not guarantee a reversal, but it\u2019s often seen as an early sign of a shift. Analysts typically await a green candle close above the pattern\u2019s high for confirmation.<\/p>\n
<\/a>Source: Trading View<\/strong><\/p>\n XRP\u2019s price actions are always a hot topic among the cryptocurrency community due to the sheer size of Ripple\u2019s community. Consequently, the underlying asset is often the subject of price predictions, which can sometimes be quite outrageous. Among the more modest, though, are forecasts<\/a> of XRP skyrocketing to $6 as the asset continues to consolidate above a key bullish setup.<\/p>\n Another analyst laid out the necessary steps the token has to go through in order to recover from its current downfall and surge to a new all-time high of over $3.65. The first phase has been defended, for now, and the next target is breaking past the $2.9 resistance.<\/p>\n Ali Martinez further mentioned the popular TD Sequential indicator, which has flashed \u201cback-to-back buy signals\u201d for XRP. Consequently, the analyst with over 150,000 followers on X determined that a \u201crebound setup [is] in play.\u201d<\/p>\n TD Sequential flashes back-to-back buy signals on $XRP<\/a>. Rebound setup in play! pic.twitter.com\/nN8q4TD27c<\/a><\/p>\n \u2014 Ali (@ali_charts) September 1, 2025<\/a><\/p>\n\n The post Ripple Forms Spinning Bottom Pattern: What Does it Mean for XRP\u2019s Price?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" XRP has formed a candlestick pattern that suggests a potential bullish reversal. The asset has been in a nosedive state for the past several weeks, dropping by more than 20% since its peak in mid-July. New Leg Up? The technical term spinning bottom occurs when the underlying asset\u2019s price goes through wide swings in both […]<\/p>\n","protected":false},"author":0,"featured_media":93052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93051"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93051"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93052"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Further Bullish Indicators<\/h2>\n
![<\/a>Source: Trading View<\/strong><\/p>\nFurther Bullish Indicators<\/h2>\nXRP\u2019s price actions are always a hot topic among the cryptocurrency community due to the sheer size of Ripple\u2019s community. Consequently, the underlying asset is often the subject of price predictions, which can sometimes be quite outrageous. Among the more modest, though, are forecasts<\/a> of XRP skyrocketing to $6 as the asset continues to consolidate above a key bullish setup.<\/p>\nAnother analyst laid out the necessary steps the token has to go through in order to recover from its current downfall and surge to a new all-time high of over $3.65. The first phase has been defended, for now, and the next target is breaking past the $2.9 resistance.<\/p>\nAli Martinez further mentioned the popular TD Sequential indicator, which has flashed \u201cback-to-back buy signals\u201d for XRP. Consequently, the analyst with over 150,000 followers on X determined that a \u201crebound setup [is] in play.\u201d<\/p>\nTD Sequential flashes back-to-back buy signals on $XRP<\/a>. Rebound setup in play! pic.twitter.com\/nN8q4TD27c<\/a><\/p>\n\u2014 Ali (@ali_charts) September 1, 2025<\/a><\/p>\n\nThe post Ripple Forms Spinning Bottom Pattern: What Does it Mean for XRP\u2019s Price?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"XRP has formed a candlestick pattern that suggests a potential bullish reversal. The asset has been in a nosedive state for the past several weeks, dropping by more than 20% since its peak in mid-July. New Leg Up? The technical term spinning bottom occurs when the underlying asset\u2019s price goes through wide swings in both […]<\/p>\n","protected":false},"author":0,"featured_media":93052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93051"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93051"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93052"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-02-115713.png\"){kind=link}