Crypto
XRP Faces Potential 10-20% Correction, Analyst Warns
Top crypto analyst ChartNerd has issued a warning for XRP investors, predicting that another decline could be on the horizon.
In a recent post on X, ChartNerd noted that while XRP's move below $1 was an important point in its technical outlook, a further 10% to 20% correction is possible if it fails to reclaim a key resistance zone between $1.30 and $1.60.
The analyst highlighted that this range is crucial for improving the short-term outlook of XRP, stating 'if price cannot recover prior resistance between $1.30/60,' $0.90/$0.70 remains the sweet spot.' This suggests that if XRP fails to break through the identified resistance area, a deeper decline to $0.90 or $0.70 is possible.