Ripple's XRP Is Forming a Textbook Bottom Pattern: Will It Play Out?

www.newsbtc.com
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Crypto data provider Messari shared in a recent post that Ripple's XRP was one of the worst-performing cryptocurrencies in Q1 of 2020, underperforming
players like Bitcoin and Ethereum by a long shot.

But, analysts are observing that the cryptocurrency is starting to show signs of an imminent recovery against Bitcoin (the XRP/BTC chart).

XRP Chart Printing Bullish Pattern

According to popular crypto trader Big Cheds, the one-week chart of XRP's performance against BTC is in the midst of printing a textbook Adam and Eve bottom, marked by a spike lower, slight recovery, and rounded consolidation bottom to mark the start of a bull run.

The abovementioned trader isn't alone in suggesting that XRP may soon rally against the market leader.

On March 31st, Luke Martin, a prominent crypto trader featured on CNN, recently posted the below chart, showing that he expects for XRP to appreciate strongly against Bitcoin in the coming weeks.

While his comment attached to the chart was nebulous, his chart showed XRP rebounding strongly off the lower level of…
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