Market analyst CRYPTOWZRD identified a double bottom formation on the XRPBTC chart, hinting at a potential bullish reversal.
XRP closed its daily candles indecisively, indicating market uncertainty, and needs more stable price action for confirmation of a bullish breakout.
Bitcoin dominance is pressuring altcoins, including XRP, but a potential reversal in Bitcoin dominance could support a broader bullish continuation for XRP.
Short-term outlook for XRP involves monitoring intraday resistance at $2.4650 and intraday support at $2.3160 for potential price movements and entry points.