Technical Analyst Warns XRP Could Revisit $0.60 Before Any Run Toward $60

Three Things to Know A chartist warns XRP may slide toward $0.60 before any long-range run higher. The two-week Gaussian Channel has turned red, and daily momentum still favors sellers. The nearest daily floor sits just above his revisit zone. A technical chartist has flagged a red signal on XRP's two-week Gaussian Channel. He expects a deeper pullback first, yet he still sees very large gains later. The warning lands after a steep monthly slide that has left XRP deeply oversold. Traders now want to know whether a bounce can hold the current floor or whether price drops to his reset zone first. A Red Gaussian Channel Meets a $180 Dream The Gaussian Channel smooths price into a band and colors it by trend direction.

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