news 
Analyst Says It Is All Noise for XRP Until One of These Two Things Happens
According to the latest analysis from Egrag, a renowned market expert, XRP is expected to continue fluctuating within its current range until it breaks either the upper or lower boundary. This implies that any short-term price movements are merely noise and should be ignored until one of two crucial levels is reached.
Egrag suggests that a break below $2 would trigger a bearish trend for XRP, potentially leading to prices dropping as low as $1.64 or even $1.3700. On the other hand, if XRP can push past $2.65, it could spark a bullish breakout, resulting in a surge towards higher levels like $3 and $5.
Interestingly, another analyst, Gordon, has also predicted a major uptrend for XRP. He emphasized that XRP’s chart is currently forming a symmetrical triangle, indicating a strong potential for growth. A breakdown from this pattern could propel XRP prices to new heights, potentially even surpassing previous records.
At the time of writing, XRP trades at $2.1706, having experienced a 6% drop in the past 24 hours.
Source: thecryptobasic.com
