RATE Group | Analyst “Solves” XRP Price Trajectory, Says Crypto to Fall to $0.17 Before Jetting Highe…
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Analyst “Solves” XRP Price Trajectory, Says Crypto to Fall to $0.17 Before Jetting Highe…

Analyst “Solves” XRP Price Trajectory, Says Crypto to Fall to $0.17 Before Jetting Highe…

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The cryptocurrency has largely been directionless over the past two weeks: assets from Bitcoin and Ethereum to XRP and Litecoin have been stuck in relatively tight price ranges, barely budging as a macro trend is failing to form.

Despite the non-action, a popular analyst recently claimed to have “solved the XRP price mystery,” releasing a TradingView post revealing in which direction the popular altcoin could take in the coming months. The analyst in question, who goes by Magic, is somewhat controversial due to his loud presence on Twitter, though he asserted that he thinks this recent analysis is very logical: “This may be one of the best and most insightful XRP analyses I’ve ever created. I think I have finally cracked the mystery of how [the cryptocurrency] will progress from here.”

XRP to Drop 20% Before Exploding Higher

According to Magic’s recent analysis, XRP is currently in the midst of an extending falling wedge pattern…

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