Ripple Forms Spinning Bottom Pattern: What Does it Mean for XRP’s Price?

XRP has formed a candlestick pattern that suggests a potential bullish ￰0￱ asset has been in a nosedive state for the past several weeks, dropping by more than 20% since its peak in ￰1￱ Leg Up? The technical term spinning bottom occurs when the underlying asset’s price goes through wide swings in both directions, but ultimately closes near its opening ￰2￱ long upper and lower wicks suggest that both bulls and bears were active, but neither side managed to gain the upper ￰3￱ situations where this setup forms after a steep decline and near a key support level, it’s regarded as a generally bullish sign as bears might be losing ￰4￱ XRP’s 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 ￰5￱ with all technical indicators, the spinning bottom does not guarantee a reversal, but it’s often seen as an early sign of a ￰6￱ typically await a green candle close above the pattern’s high for confirmation.) September 1, 2025