XRP trades at $1.39 as analyst highlights ‘fourth touch’ before major breakout

Crypto analyst EGRAG CRYPTO has released a weekly chart analysis on XRP, identifying what he describes as a recurring four-stage macro structure. This pattern has appeared twice before since 2018, with each occurrence leading to substantial price rallies in the XRP market. At the time of the report, XRP is trading at $1.39 and sits close to a significant support level as the current cycle appears to be nearing its final stage. EGRAG CRYPTO’s chart begins with XRP’s price movements from 2018 onward. The analyst maps out three major macro cycles, each consisting of four sequential stages.

Source: CoinTurk News