XRP analyst eyes third monthly candle for next rally as pattern nears confirmation

Crypto analyst Egrag Crypto has pointed to recurring similarities in XRP’s price chart, drawing parallels to two previous market cycles that both preceded notable upward moves. As XRP trades near a key uptrend support, the analyst is focused on whether the monthly candle will confirm a breakout retest and open the door to further gains. Egrag Crypto’s recent analysis, shared on X, explores how XRP’s monthly chart has exhibited a repeating three-step sequence during major historical moves: breakout, correction, and a rejection candle at critical support.

Source: CoinTurk News