- EGRAG CRYPTO revealed that XRP will need to overcome the $0.83-$0.85 resistance before it can break out.
- The analyst also shared that XRP has formed “robust support” at $0.50.
- At press time, XRP was attempting to escape a negative price channel that had emerged on its daily chart.
The cryptocurrency analyst and trader with the X username EGRAG CRYPTO highlighted the strong support and resistance levels that he will be watching on Ripple’s (XRP) charts. The analyst also anticipates a “Mega Pump” for the remittance token but warned traders to stay vigilant and strategically allocate portions of their holdings in the next few weeks.
#XRP Gaussian Channel & Symmetrical Triangle Unveil (Strong Support and Resistance Patterns)Within the framework of the Gaussian Channel, the alignment of support and resistance price targets mirrors other charts, adding weight to their significance.
Notable Support Levels:… pic.twitter.com/PIIb3Yr4yB
— EGRAG CRYPTO (@egragcrypto) November 20, 2023
According to the post, XRP is showing strong support levels within the Gaussian Channel and Symmetrical Triangle pattern. XRP has formed “robust support” at $0.50 and ha…
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