XRP analyst warns of volatility, charts signal bullish reversal toward $3.65

Crypto market analyst EGRAG CRYPTO has warned XRP investors of a potential major move as he identified a pattern shaping up on the token’s weekly chart. He pointed out what looks like a double top formation, noting two strong rejections at a key resistance level near the current price of $1.34. The analyst stated that a breakdown below the formation’s neckline, with a confirmed weekly close, could accelerate a bearish scenario. However, a closer analysis of the chart he published reveals an inverse reading of the setup.

Source: CoinTurk News