XRP Chart Forms Weekly Inverted Hammer, Is This the Bottom?

Reversal signals often appear quietly, yet they can reshape market expectations within days. Traders watching higher timeframes understand that a single weekly candle can shift sentiment. When a clear trend signal forms after sustained selling, market participants begin to ask whether the decline is losing strength. XRP now sits in that exact moment as traders examine one of the strongest single-candle reversal patterns. Egrag Crypto’s Observation Egrag Crypto highlighted a weekly inverted hammer forming near $1.94 on the XRP chart. He emphasized that the pattern appears after a multi-week decline. This timing matters because inverted hammers carry greater weight when they emerge at the end of a downtrend. His analysis examines whether this candle signals seller exhaustion and renewed buyer activity. #XRP – Weekly Inverted Hammer… Is This the Bottom? The weekly candle at $1.94 is showing a clear Inverted Hammer, one of the strongest single-candle bullish reversal signals, especially...

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