Crypto Michael Says XRP Must Break This Level to Activate Next Rally

Crypto analyst Crypto Michael (@MichaelXBT) has identified a critical price level that he believes will determine XRP’s next major move. His analysis points to two possible outcomes from the current structure, one of which involves a further decline before any upside materializes. The Descending Channels XRP traded at $1.2901 at the time of his analysis, down 2.58% on the day. Since August, the asset has moved through two distinct phases. The asset broke out and rallied to $1.68 in a few days, but that momentum stalled and it entered a descending channel.