XRP’s Gaussian Channel Turns Red as EGRAG CRYPTO Tracks a Possible Bottom

EGRAG CRYPTO said XRP (XRP)’s Gaussian Channel was turning red on the two-week chart, comparing the developing shift with the indicator’s change near XRP’s macro double bottom in the previous market cycle.

On Nov. 12, EGRAG CRYPTO said XRP was testing the $1.03 to $1.04 range and described a possible second low above the earlier bottom. The analyst’s chart places XRP within a long-term ascending channel marked by a Central Line and a Macro Bottom Line.

EGRAG CRYPTO said the channel’s red transition was still developing. A sustained move above $3.50, the analyst said, would strengthen the case for a macro higher high.

The analysis revisits a possible second macro double bottom from EGRAG CRYPTO’s three-stage XRP roadmap.