XRP analyst expects AMD pattern to trigger next rally after recent dip

XRP may be preparing for a significant price surge in the coming months, according to technical analyst and crypto enthusiast Diana. She stated that the cryptocurrency is now displaying a market structure similar to the one that led to its earlier rally this year, following a comparable trajectory on its daily chart. Diana, known for her technical analyses on X (formerly Twitter), identified what she describes as the Accumulation, Manipulation, and Distribution (AMD) pattern forming once again on XRP’s daily chart. This chart showed two distinct market formations over the past year, both featuring a period of sideways price action, a pronounced drop, and then a strong upward movement.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.