Renowned crypto analyst Egrag delivered a fresh and in-depth XRP price analysis across multiple timeframes today. As of press time, the cryptocurrency stands at $0.4825, marking a decrease of about 12% since October 3, when it reached a high of $0.5478. Despite the bearish momentum fueled by the broader crypto market trend, Egrag projects bullishness on higher time frames. Monthly Chart XRP/USD On the monthly XRP/USD chart, Egrag took to Twitter to share his insights, stating: “XRP Monthly Bullish Pennant – Super Bullish Sign: Do you spot the pattern like I do? It’s incredibly bullish!” According to Egrag, trading on a monthly time frame reduces the chance of false signals. He believes that a strong flagpole hints at a rapid price increase, and the ongoing consolidation phase forms the pennant. The current pause in the uptrend could potentially lead to further upward movement, especially if there’s a surge in volume after a breakout. For this scenario to occur, XRP shouldn’t break out to the downside, but stay within the two approximating lines until the breakout north. Relat ..
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