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<ul>
 <li>XRP forms a doji candle on the weekly chart, signaling market indecision and a potential trend change.</li>
 <li>XRP historically outperforms Bitcoin after halving events, with gains of over 100% following the third halving in 2020.</li>
 <li>Altcoin seasons often follow Bitcoin halvings, and XRP could see significant gains if history repeats.</li>
</ul>
<p>XRP has been <a href="https://cryptonewsland.com/signs-point-to-massive-xrp-upsurge/" target="_blank" rel="noopener noreferrer nofollow">staging a remarkable comeback</a> while Bitcoin continues to dominate the crypto market. This token has formed a doji candle on the weekly chart as the post below suggests.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> Also forming a doji candle on the weekly signalling indecision against Bitcoin. <br><br>Historically <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> rallied the full measured move within 8 weeks last time this occured!!! <br><br>Measured move is 6000%!!!!! <a href="https://t.co/WDLn1vQ9kX" rel="noopener noreferrer nofollow">pic.twitter.com/WDLn1vQ9kX</a></p>— <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;">BLOCK BULL <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@TheBlockBull) <a href="https://twitter.com/TheBlockBull/status/1809520714166206591?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 6, 2024</a>
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<p>A <a href="https://www.forex.com/en-us/learn-forex-trading/doji-candle/" rel="noopener noreferrer nofollow">doji candle in </a><a href="https://www.forex.com/en-us/learn-forex-trading/doji-candle/" target="_blank" rel="noopener noreferrer nofollow">candlestick</a> occurs when a security’s open and close prices are nearly the same. This creates a candle with a very small body.</p>
<p>This candlestick often indicates market indecision. The doji candle could also signal the prevailing trend may be weakening and a change in direction could be near.</p>
<h2 class="wp-block-heading" id="h-the-bitcoin-halving-connection-nbsp">The Bitcoin Halving Connection&nbsp;</h2>
<p>XRP has historically shown strength during periods surrounding Bitcoin halving events. These events occur approximately every four years when the block reward for Bitcoin miners is cut in half.&nbsp;</p>
<p>After the third halving in May 2020, the XRP/BTC pair surged over 100%. A similar jump of 85% occurred after the second halving in July 2016.</p>
<p>The reasoning behind this phenomenon lies in investor behavior. Following a halving, investors rotate their holdings from Bitcoin to altcoins.&nbsp;</p>
<p>The alt-season is driven by the potential for significant <a href="https://cryptonewsland.com/top-altcoins-ready-for-short-term-gains-as-major-market-rebound-begins-according-to-experts/" rel="noopener noreferrer nofollow">short-term gains </a><a href="https://cryptonewsland.com/top-altcoins-ready-for-short-term-gains-as-major-market-rebound-begins-according-to-experts/" target="_blank" rel="noopener noreferrer nofollow">in</a><a href="https://cryptonewsland.com/top-altcoins-ready-for-short-term-gains-as-major-market-rebound-begins-according-to-experts/" rel="noopener noreferrer nofollow"> altcoins</a>. They have lower market caps and higher volatility compared to Bitcoin during this period (alt-season).</p>
<h2 class="wp-block-heading" id="h-technical-indicators-pointing-upward">Technical Indicators Pointing Upward</h2>
<p>Weekly charts project XRP’s price against Bitcoin to reach its 50-week Exponential Moving Average (EMA) soon. Interestingly, this 50-week EMA has been a bullish target for traders following the last two Bitcoin halvings.</p>
<p>This potential resurgence of XRP highlights a recurring trend within the crypto market – altcoin seasons following <a href="https://www.coindesk.com/learn/bitcoin-halving-explained/" rel="noopener noreferrer nofollow">Bitcoin </a><a href="https://www.coindesk.com/learn/bitcoin-halving-explained/" target="_blank" rel="noopener noreferrer nofollow">halvings</a>. XRP could see significant gains not just against the US dollar but also outperform Bitcoin if history repeats.</p>
<p>&nbsp;XRP’s historical pattern and technical indicators suggest that higher highs may be on the horizon. However, it’s advisable to proceed with caution and do your research before making any investment decisions.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<p>The post <a href="https://cryptonewsland.com/xrp-repeats-a-familiar-pattern/" rel="noopener noreferrer nofollow">XRP Repeats a Familiar Pattern, Sign of More Significant Price Pumps Ahead?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP Repeats a Familiar Pattern, Sign of More Significant Price Pumps Ahead?

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