• Egrag Crypto says XRP’s crash today looks like past setups before huge rallies happened
• XRP dropped 16 percent Monday to about $1.75, testing its key 200-day average support
• Analyst notes 50-day average still above 200-day (no ‘death cross’), keeping structure bullish

XRP got hit hard in Monday’s crypto sell-off, tumbling about 16 percent. But analyst Egrag Crypto is telling followers this ugly price action might actually be a bullish sign, based on XRP’s history.

Egrag points to the charts from 2017 and 2021. Both times, XRP suffered massive crashes – dropping over 70 percent – before it eventually exploded higher by 1,000 to 2,700 percent. He says the current setup, with XRP falling hard and testing its key long-term support (the 200-day moving average), looks very similar to those previous cycles right before t…

The post Selling XRP Now? Top Trader Says History Shows This Might Be THE Setup appeared first on Coin Edition.

• Egrag Crypto says XRP’s crash today looks like past setups before huge rallies happened
• XRP dropped 16 percent Monday to about $1.75, testing its key 200-day average support
• Analyst notes 50-day average still above 200-day (no ‘death cross’), keeping structure bullish

XRP got hit hard in Monday’s crypto sell-off, tumbling about 16 percent. But analyst Egrag Crypto is telling followers this ugly price action might actually be a bullish sign, based on XRP’s history.

Egrag points to the charts from 2017 and 2021. Both times, XRP suffered massive crashes – dropping over 70 percent – before it eventually exploded higher by 1,000 to 2,700 percent. He says the current setup, with XRP falling hard and testing its key long-term support (the 200-day moving average), looks very similar to those previous cycles right before t…

The post Selling XRP Now? Top Trader Says History Shows This Might Be THE Setup appeared first on Coin Edition.