Why XRP Could Retest $1 Before Its Next Major Rally: Analyst
- XRP closed last week below the 20-week moving average, increasing the likelihood of a pullback to $1 that could form a double bottom.
- XRP is currently priced at $1.33 and needs to reclaim this level to avoid a deeper retreat; failure to do so could lead to a drop to $1.
- Historical trends suggest XRP could return to the middle band of the Gaussian Channel at around 98 cents, similar to its behavior in 2022 after losing the 20-week moving average.
Source: CryptoPotato
🌍 Updated by GemCrypto
$XRP
#XRP #Crypto
- XRP closed last week below the 20-week moving average, increasing the likelihood of a pullback to $1 that could form a double bottom.
- XRP is currently priced at $1.33 and needs to reclaim this level to avoid a deeper retreat; failure to do so could lead to a drop to $1.
- Historical trends suggest XRP could return to the middle band of the Gaussian Channel at around 98 cents, similar to its behavior in 2022 after losing the 20-week moving average.
Source: CryptoPotato
🌍 Updated by GemCrypto
$XRP
#XRP #Crypto