In a recent tweet, renowned crypto analyst, EGRAG CRYPTO, unveiled an intricate 4-month XRP price analysis which presented various crucial insights and predictions. This was encapsulated in his words: “XRP Steel Foundation & Eye-Opening Insights: Behold the chart below, crafted from 4-month candles, revealing that higher time frames are less susceptible to deceptive signals.”
The Steel Foundation Of XRP
Egrag’s analysis draws attention to two major price zones, zone A and zone B, each with its own ultra-strong support zone which he metaphorically describes as the “steel foundation”.
For zone A, which saw XRP trading between $0.00485 to $0.02483 from 2013 until early 2017, the steel foundation is identified by him as the price range from $0.00485 to $0.00596. The significance of this foundation is amplified by the fact that it remained untouched even during the harshest market downturns.
On the other hand, zone B, with its price range spanning from $0.25939 to $2.00, is ma
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