Crypto

XRP enters ultra-rare zone seen only seven times in 13 years, volatility ahead

XRP has re-entered a rare technical zone that has repeatedly appeared ahead of major price swings, according to an analyst cited by Decrypt. Chartnerd said XRP is trading below the lower band of the weekly Gaussian channel, a condition seen only seven times over 13 years. He said previous occurrences were followed by major repricing, but warned the indicator should not be used to time an exact bottom. He expects consolidation may persist before a larger move.

Crypto

XRP rebound may be a trap as Elliott wave points to possible further drop

XRP has rebounded from recent lows, but analysts say the current correction may not be over under Elliott wave structure, leaving room for another decline. The 1-hour chart has yet to form the structure needed to confirm a trend bottom, raising the possibility of a retest of support. Key support is seen at $1.10 to $1.38, while resistance is placed at $1.44 to $1.60. U.S. spot XRP ETFs logged $18.96 million of net inflows over the past week.