XRP's long-term price chart shows resilience and remains in an upward trend, according to analyst Egrag. He highlighted the strength of the "Bifrost Bridge," a support zone that has held steady for nearly 2,650 days. The bridge represents an ascending trend line that has been in place since 2014 and intersects XRP's candlestick pattern on the three-month chart. Egrag believes that XRP's price consistently remaining above this line indicates a solid structure on higher timeframes. He is confident that as long as XRP stays above the critical support level of $0.28, market corrections and temporary dips are insignificant.
- Content Editor ( thecryptobasic.com )
- 2024-10-10
The Bifrost Bridge is XRP Direct Teleportation to Valhalla: Analysis