Analyst Predicts XRP “Crash” Using Reverse Chart, Sees $27 Target
The post Analyst Predicts XRP “Crash” Using Reverse Chart, Sees $27 Target appeared on BitcoinEthereumNews.com. EGRAG forecasts that XRP will “crash” upward using reverse chart analysis. Three historical cycles show pattern of EMA break, pullback, then major rally. The current Cycle 3 might yield 1,500% gains in the target area of $27 to $30. With a twist that might surprise investors, market analyst EGRAG Crypto has offered an unusual study that predicts a major “crash” in the price of XRP. EGRAG’s pessimistic terminology actually reflects positive price activity, where apparent “drops” are actually significant upward advances, according to a reverse chart approach. With no directional momentum, XRP has been trading in the lower $2 area for the last four months. This sideways action has created uncertainty among investors about whether the token is preparing for a breakout or entering another consolidation phase. EGRAG focuses on monthly chart analysis to cut through short-term noise, employing a reverse chart approach where traditional price movements appear inverted. In this framework, when he describes XRP “falling” below the 21 Exponential Moving Average, he’s actually referring to a breakthrough above this crucial technical level. #XRP – Historical Drop Zone ($12 to $46) But the Average drop is 1500%
The post Analyst Predicts XRP “Crash” Using Reverse Chart, Sees $27 Target appeared on BitcoinEthereumNews.com.
EGRAG forecasts that XRP will “crash” upward using reverse chart analysis. Three historical cycles show pattern of EMA break, pullback, then major rally. The current Cycle 3 might yield 1,500% gains in the target area of $27 to $30. With a twist that might surprise investors, market analyst EGRAG Crypto has offered an unusual study that predicts a major “crash” in the price of XRP. EGRAG’s pessimistic terminology actually reflects positive price activity, where apparent “drops” are actually significant upward advances, according to a reverse chart approach. With no directional momentum, XRP has been trading in the lower $2 area for the last four months. This sideways action has created uncertainty among investors about whether the token is preparing for a breakout or entering another consolidation phase. EGRAG focuses on monthly chart analysis to cut through short-term noise, employing a reverse chart approach where traditional price movements appear inverted. In this framework, when he describes XRP “falling” below the 21 Exponential Moving Average, he’s actually referring to a breakthrough above this crucial technical level. #XRP – Historical Drop Zone ($12 to $46) But the Average drop is 1500%
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