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Just been watching XRP's chart and there's something interesting happening here. Egrag Crypto spotted this falling wedge that's been forming for like nine months now, and honestly the setup looks pretty textbook. Price is hovering around $1.43 at the moment after getting beat down pretty hard - we're looking at six straight months of losses, which hasn't happened since 2014.
So here's the thing - the analyst thinks we might see XRP dip down to 83 cents before any real bounce happens. That's where the lower support line meets what they're calling the Atlas Line, basically the major floor holding everything up. If that plays out and support actually holds, then we could be looking at a move way higher. The target sitting out there is $8.30, which would be wild if it actually happens.
The tricky part is the resistance ceiling at $1.80 - if price closes above that, the whole wedge pattern breaks and this analysis gets thrown out. But if it plays out like Egrag Crypto is mapping it, that potential dip to 83-91 cents could genuinely be one of those rare buying opportunities people always talk about. Obviously there's risk here too - if support breaks below that zone, we're looking at deeper weakness than expected.