XRP analyst warns of possible pullback to $1.20, keeps $15 target in play

XRP closed its most recent monthly chart at $1.4028, marking a decline of $0.0866 or 5.81% over the past month. This pullback has prompted renewed concerns and debate among investors seeking to understand whether the altcoin’s broader uptrend remains intact. EGRAG CRYPTO, a widely followed crypto analyst, addressed the developing situation in a social media post, emphasizing that XRP’s structural outlook has not been compromised by recent downside action. The analyst drew attention to two key exponential moving averages on the monthly chart: the 33-period EMA and the 111-period EMA, which he claims have historically served as markers for major…

Source: CoinTurk News