XRP analyst EGRAG CRYPTO highlights $0.28 drop after double horn pattern

EGRAG CRYPTO, a well-known market analyst focused on the cryptocurrency sector, presented a fresh technical analysis of XRP for his subscribers on September 27. At the time, XRP traded at approximately $1.54. His chart identified a pattern that he named the “double horns,” forming in the price range between $1.55 and $1.60. According to EGRAG CRYPTO, the double horn formation consisted of two consecutive weekly candlestick wicks at the same resistance level. He interpreted this configuration as a warning sign, suggesting that XRP faced a heightened risk of a corrective move or even a significant price drop.

Source: CoinTurk News