The Magic Level Unlocking It All 💎
EGRAG’s long-term thesis centers on XRP’s monthly chart where the asset trades between the 33-month moving average acting as dynamic resistance and the 77-month moving average he sees as major macro support. He believes the cross-border token could keep ranging between those boundaries before a bigger breakout happens. His magic number sits at 1.65 and a surge past that on the monthly chart could open doors toward wild targets like 8, 13 and eventually 30.Binance Hack Fueling XRP’s Sudden Drop 🔥
CasiTrades also weighed in on the asset’s latest price moves but offered a different take on the nosedive. The analyst argued XRP’s technical structure already looked weakened before the Binance hack news broke. Since October 24 the token had repeatedly tested its lower trendline while she said several altcoins were already undergoing corrective Wave 2 structures and approaching deeper Fibonacci retracement levels. Although she believes the hack still mattered for the leg down she argued bearish headlines often arrive while markets sit technically positioned for further downside. She sees the current correction as something already developing technically while EGRAG looks beyond the immediate weakness toward a potential macro breakout.Just another echo from the void by iconofsin.eth 💖
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