Add as a preferred source on GoogleEGRAG CRYPTO Marks $1.07 Close Level as XRP Trades at $1.09
The analyst said a close below $1.07 could point to weakness in the broader chart pattern, while a move to $1 alone would not invalidate its sequence of higher lows.
XRP (XRP) was approximately $1.09, down 6.78% at the time captured, as crypto analyst EGRAG CRYPTO marked $1.11 to $1.07 as potential support.
In a Nov. 9 post, EGRAG CRYPTO said a close below $1.07 at the end of a daily session could signal weakness in the wider chart pattern. The chart also showed $1 as a possible downside level, though the analyst said reaching that mark alone would not invalidate XRP’s broader pattern of higher lows.
The chart marked $1.25, $1.43, $1.63 and $1.80 as possible recovery levels. EGRAG CRYPTO said price action would need to confirm that path and gave no timetable.
EGRAG CRYPTO had favored a rebound from $1.18, but XRP continued lower.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.