- Ripple’s XRP indicates two bullish signals on its price chart.
- The first is a descending broadening wedge triangle pattern.
- The second is a hidden bullish divergence pattern.
The peak phase of this bull cycle’s altseason is almost here and seasoned analysts are keeping a close eye on several altcoins with the potential of setting a string of new ATHs in the coming weeks. As a Q1 following a Bitcoin Halving year, historically, this phase has always led to the peak of the cycle’s altseason.
Accordingly, every altseason peak is led by the pioneer altcoins Ethereum (ETH). The altcoin has yet to set a new ATH this bull cycle and analysts believe that once ETH sets a new ATH, that all altcoins would go parabolic. One such altcoin is Ripple’s XRP, a popular altcoin that has pumped twice already and is expected to pump greater still in the coming days ahead.
XRP Forms Bullish Descending Broadening Wedge Triangle
Several altcoin believe a phenomenal pump is in store for XRP. As we can see from the post above, this analyst says that once a breakout confirmation is determined for XRP then the next leg up price target for XRP can be determined. The image in the post above points at a pump coming from the completion of a descending broadening wedge triangle on the XRP price chart.
XRP’s Bullish Hidden Divergence Pattern Signals Pump
Adding on, another analyst sees a bullish hidden bullish divergence pattern forming on the XRP price chart. The analyst confirms the textbook formation on XRP and highlights the continuation move going higher and says that it could be only a matter of time before the largest ‘post-breakout’ pattern prices arrives with a continuation move of substantial size.
