XRP trades at $1.30, analyst maps four-stage pattern with $31.87 target

XRP is trading at $1.2963 on the 2-week chart, reflecting an 8.04% loss over the current candle. Crypto analyst Egrag Crypto has outlined a technical pattern seen twice in the asset’s history, which may now be developing for a third time. The focus is on a repeating four-stage corrective structure, with possible implications for XRP’s long-term price action. Egrag Crypto has identified a sequence where XRP experiences four major corrective phases, which previously preceded substantial upward momentum. The first occurrence of this pattern spanned 2018 to 2020, ending with a notable bull expansion.

Source: CoinTurk News