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<ul class="wp-block-list news-points"> 
 <li><strong>Dark Defender spots a weekly bullish hammer candle on the XRP chart.</strong></li> 
 <li><strong>A similar pattern preceded XRP’s exceptional rally in 2017.</strong></li> 
 <li><strong>XRP was one of the best-performing cryptos during the 2017 bull run.</strong></li> 
</ul> 
<p>An XRP enthusiast, known as Dark Defender on X (formerly Twitter), has spotted a crucial technical pattern on the XRP weekly chart: a rare bullish hammer candle observed during one of the most historical moments in the cryptocurrency’s past.</p> 
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   <p lang="en" dir="ltr">X: <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#XRP</a> only had this type of weekly bullish hammer candle in March 2017.<br><br>It was just 3 weeks before the XRP Run. <a href="https://t.co/wGujRv8IK8" target="_blank" rel="nofollow">pic.twitter.com/wGujRv8IK8</a></p>— Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1820908817875345746?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 6, 2024</a>
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<p>Dark Defender considers the recently formed chart pattern a significant bullish signal, citing the pattern’s historical impact on XRP’s price. According to the analyst, the Ripple-linked crypto had this type of weekly bullish hammer candle in March 2017, three weeks before the XRP run.</p> 
<p>Notably, XRP’s 2017 bull run started in March, with an initial surge that saw the altcoin rally over 1,400% in about seven weeks. The price consolidated after the initial surge, with the cryptocurrency moving sideways for about six months before the …</p>
<p>The post <a href="https://coinedition.com/xrps-bullish-hammer-can-it-overcome-the-sec-hurdle/">XRP’s Bullish Hammer: Can it Overcome the SEC Hurdle?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

XRP’s Bullish Hammer: Can it Overcome the SEC Hurdle?

Coin Edition

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