Dark

<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> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<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

Other articles published on Aug 7, 2024

Missing 'Cryptoqueen' Ruja Ignatova has assets frozen by UK court

Cathie Wood’s Ark Invest Buys Crypto Stocks as Market Rebounds

Solana Proves Robust As Market Crash Brings Major Banking Giants Down

Kamala Harris Can Advance 'Sustainable Future For Cryptocurrencies,' Says Industry Expert

XRP Community In Limbo: Ledger Foundation Dissolves, Successor Pending

Weekly Article Recap: 7/22-7/26

Join our free newsletter for daily crypto updates!