EGRAG CRYPTO Flags Risk of Shorting XRP Near $1.24 Support
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Crypto analyst EGRAG CRYPTO’s Oct. 24 chart warns that shorting XRP (XRP) near a possible low carries risk, with $1.24 separating its bearish and recovery scenarios. The four-hour chart showed XRP at $1.259 when prepared. It traces a rise to nearly $1.70 after an August breakout, a September drop to about $1.15 and a recovery into the $1.24-$1.26 range. In the chart’s bearish case, XRP closes below $1.24 on a four-hour chart and then fails to regain the level. The chart marks $1.20, $1.15 and $1.11 as lower levels in that scenario. Its alternate case depends on XRP holding $1.24 and moving back above $1.29, with $1.40-$1.43 marked as levels to watch. EGRAG CRYPTO’s chart also shows XRP narrowing within a converging pattern.
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