XRP Analyst Sees Sharp Crash Before Next Rally at Key Resistance Level

Crypto analyst EGRAG CRYPTO is sounding the alarm on XRP's price action. He predicts a sharp crash in the near future, citing a long-standing descending channel that has been consistent with his earlier forecasts.

XRP is currently trading around $1.47, up nearly 7% daily, but EGRAG CRYPTO warns of a major decline if it fails to break through key resistance at $1.65. This level has played a critical role in several market cycles since 2018 and represents a potential trigger point for significant price action.

EGRAG CRYPTO's analysis is based on the same technical structure he has been using, which includes support and resistance levels, arrows, and moving averages that have not changed since previous analyses. He notes that his approach is rooted in macro chart formations, rather than personal bias or short-term sentiment.