XRP Fractal Pattern Echoes Pre-Rally Setup
A cryptocurrency analyst known for chart-based predictions is pointing to a recurring technical formation in XRP that he says mirrors conditions seen just before the token's sharp rally in late summer.
EGRAG CRYPTO, who shares market commentary on social media, posted a one-hour chart showing XRP trading at roughly $1.3202, down 0.32% in the latest session.
The fractal pattern is seen as a repeating price structure that some traders use to anticipate future moves. The earlier sequence ran from July through mid-August, when XRP repeatedly dipped into a narrow band between $0.97 and $1.05 before breaking decisively higher.