XRP has formed a spinning bottom candlestick pattern, indicating early signs of a potential bull reversal, following a recent 25% drop from its July peak. This pattern, occurring after notable price declines and at key support levels, suggests that selling pressure may be diminishing as buyers begin to assert themselves. Currently trading around $2.80, XRP needs to close above $2.84 for confirmation of a bullish trend. However, moving averages signal ongoing bearish momentum, and XRP may fall further if it breaches the $2.69 support. On the other hand, Bitcoin has surpassed a key descending trendline but remains under pressure below critical resistance levels, complicating the bullish outlook across the market. The broader crypto environment remains cautious as upward movements for both XRP and BTC might face selling pressure unless significant resistance levels are overcome.

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