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XRP analysts explain why price drop below $1 ‘remains possible’
XRP has retraced nearly 63% from its multi-year high of $3.66 to trade at $1.36 on Wednesday, a technical setup that may have bearish implications for its price, according to a market analyst. In a Tuesday post on X, Chart Nerd said that previous fractals from the monthly Gaussian Channel indicator suggest that XRP could drop lower over the coming weeks or months. The Gaussian Channel is a technical analysis indicator used to identify trends, spot potential support/resistance levels, and overbought/oversold conditions. The chart below shows that whenever the XRP price rallied, it has corrected to retest the upper ... (full story)