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<ul class="wp-block-list news-points"> 
 <li>XRP has flashed a bullish signal with a potential 1:2 risk-to-reward ratio.</li> 
 <li>The altcoin is forming a reversed Head and Shoulders pattern at a crucial level.</li> 
 <li>Multiple indicators support XRP’s bullish signal.</li> 
</ul> 
XRP is showing a bullish signal with a potential 1:2 risk-to-reward ratio, exciting traders about the prospects of the once-embattled cryptocurrency. Technical indicators point to a reversed Head and Shoulders pattern on the altcoin’s daily chart, with the second shoulder ready to form. 
Importantly, XRP has moved in line with other major cryptos like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) since the court ruling on Ripple’s case with the SEC. The resilient altcoin has traded sideways, alongside these other cryptos, since pulling back from the 50% surge that followed the court ruling. 
TradingView’s <a href="https://www.tradingview.com/x/xU1kZoBc/" target="_blank">data</a> shows the altcoin fell 15% before shifting into a sideways trend. It has stayed in this direction for the past nine days, forming the base of the second shoulder in the bullish pattern with a potential 1:2 risk-to-reward ratio. 
From observing XRP’s daily chart on TradingView, the Ripple Labs native crypto has established significant suppo…
The post <a href="https://coinedition.com/xrp-traders-excited-as-bullish-setup-emerges-with-12-payoff/">XRP Traders Excited as Bullish Setup Emerges with 1:2 Payoff</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP Traders Excited as Bullish Setup Emerges with 1:2 Payoff

Coin Edition

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