XRP Analyst Maps Second Price Cycle With $2.20 to $2.30 Zone

Crypto analyst Cleo Schmidt has mapped a second three-stage pattern in XRP, projecting a possible move toward $2.20 to $2.30 after the token slipped below a recent trading range. Schmidt’s Oct. 18 analysis uses an accumulation, manipulation and distribution framework, or AMD. It compares an earlier stretch of XRP trading with a pattern she believes is developing now. The three labels mark a period within a range, a move below it and a subsequent rise in her analysis. In the first sequence, XRP traded around $1 to $1.20 during July and early August.

Source: TokenPost