As most assets in the cryptocurrency market are back in the sideways trading mode, XRP has been no exception, but a certain technical analysis (TA) chart pattern has emerged that suggests the period of stagnation for this cryptocurrency could be over in the near future.
Specifically, the pseudonymous crypto expert CoinsKid has shared a teammate’s analysis, in which he observed that XRP had formed a head and shoulders pattern, which typically indicates a bearish reversal, as explained in a video streamed on September 28.
Bearish scenario
In this case, the analyst has suggested that if the XRP token breaks down from this head and shoulders pattern, which consists of three peaks – a higher peak (head) between two lower peaks (shoulders) – it could lead to a significant price decline, roughly towards $0.46419, as the crypto expert pointed out.
XRP price action analysis and prediction. Source: CoinsKid
Indeed, this chart pattern concludes when the price breaks below the neckline, whic
We współpracy z: https://finbold.com/xrp-price-breakout-in-the-cards-as-key-pattern-forms/
