XRP Flashes Double Bottom Reversal – Is $10 Next?

Simon Chandler
2025-04-17 12:32:00
cryptonews.com

XRP has posted a 1% gain today, rising to $2.09 as the crypto market loses 1% in the past 24 hours.

The altocoin is now up by 5% in a week, and while it is down by 9 in a month it retains an impressive 320% increase in the past year.

What’s bullish about its movements today is that they come soon after the formation of a double-bottom reversal pattern on XRP’s chart, with two recent dips suggesting that the coin could be breaking out.

And in the longer term, XRP’s fundamentals and recent good news would suggest that it could make some very big gains, particularly if the ongoing tariff situation improves.

XRP Flashes Double Bottom Reversal – Is $10 Next?

A double-bottom reversal is a chart pattern in which two more or less consecutive dips form a ‘neckline’ that acts as a resistance level.

If the corresponding asset breaks through this resistance level, then it raises the probability of a significant breakout, something which may be happening with XRP right now.

As we can see from XRP’s one-hour chart, it actually pulled off a double-bottom reversal last week, and it has been on a relative uptrend since.

The past few days have actually brought a weakening in momentum, with XRP’s relative strength index (purple) dropping from 80 last week to 50 today.

However, if we zoom out and look at XRP’s one-day chart, the RSI suggests that the alt has been in an oversold position since early February.

It’s therefore due a rebound, although the uncertainty surrounding tariffs may delay any recovery.

Yet the bull case for XRP remains as strong as it has been for a very long time, given that the Ripple-SEC case has recently taken decisive steps towards ending once and for all.

Also bullish is the fact that the market is now waiting on decisions from the SEC on 10 XRP ETFs, the highest number of any altcoin.

Assuming that we do see the listing of XRP ETFs in the US this year, the effect on the XRP price could be huge.

The coin will need more favorable macroeconomic conditions (e.g. rate cuts, removal of tariffs) to really get going, but if the pieces do come together, then it could easily reclaim previous highs.

It could return to $3 by the second half of the year, before ending 2025 at $4.

SUBBD Set to Explode? New Altcoin Presale Sparks Investor Frenzy

As fundamentally sound as XRP remains, holders may have to wait for ETF listings and macroeconomic improvements before it really takes off again.

However, they may want to diversify into newer tokens, which in certain cases can greatly outpace the market, even during bearish phases.

This is particularly the case with presales, with the biggest sales sometimes leading to big post-sale listings.

One coin with an above-average chance of rallying once it lists is SUBBD (SUBBD), an ERC-20 token that launched its ICO a couple of weeks ago.

It has already raised $180,000 in its presale, while its official X account boasts a highly impressive follower count of 122,000.

These are very impressive numbers for such a new project, and what’s helping SUBBD grow is the fact that comes with very strong utility.

It’s the native token of an adult-oriented content creation platform, one which will harness AI-based tools to make content creation more efficient for users.

For example, its AI personal assistant will help users generate ideas for content, while also helping in the actual content creation itself if so desired.

And as a cryptocurrency platform, its use of blockchain will help creators monetize their content in a more transparent and efficient way.

Creators will be able to issue NFTs for their posts and content, for instance, while the use of smart contracts will ensure that payouts are automatic.

Investors can join its presale by going to the SUBBD token website, with SUBBD currently selling at $0.055175.

This price will rise every few days until the sale ends, at which point SUBBD will list on exchanges, and potentially rally.

The post XRP Flashes Double Bottom Reversal – Is $10 Next? appeared first on Cryptonews.

Source Link

Please read the Privacy and Security Disclaimer on how Techcratic handles your support.

Disclaimer: As an Amazon Associate, Techcratic may earn from qualifying purchases.