XRP Price Update: A Major Bullish Signal Validated-Yet Price is Poised for a 60% Crash!

The post XRP Price Update: A Major Bullish Signal Validated-Yet Price is Poised for a 60% Crash! appeared first on Coinpedia Fintech News

As the crypto markets continue to trade flat, the XRP price is maintaining a similar trend, chopping around $0.63. Not much volatility has been witnessed, as the volume has also plunged to a large extent. It could appear that the markets are flipping from being neutral towards the bears, but it also indicates a possible accumulation phase before the next price action. 

The XRP price chart has been shaping up to be quite intriguing following the massive breakout from the weekly accumulation zone. The prolonged accumulation is now flashing a buy signal as the Gaussian channel just flashed a bullish signal. Previously, when this happened, the XRP price crashed by more than 60%, however, a fine upswing has always followed. 

#XRP Update! GAUSSIAN CHANNEL JUST FLASH GREEN "BULLISH"!

Last two times it did this, $XRP crashed 60-70% before it 12x-1016x! (Basically, the crash before the moon!)

Will we have that 60% crash before MOON ?

Retweet/Like for more updates MINUS ALL NEWS/NARRATIVES/NOISE! pic.twitter.com/aFXFRDJAWX

— JD (@jaydee_757) August 14, 2023

As mentioned above in the chat, the XRP price is flashing a bullish signal. While it also indicates that the price may drop by another 60% to 70% as it did during the previous rallies. If this happens, the XRP price may plunge hard enough to mark new yearly lows below $0.33. However, the platform may witness a huge influx of buying liquidity that may propel the prices higher.

Therefore, the XRP price is expected to return to the same point where it triggered a healthy upswing. This could be the best buy for XRP, which has remained stuck within a very narrow region for a period of time. The price appears to be set to hit all-time highs in the upcoming bull run, despite the current price action favouring the bears.