Digital Currency
Add as a preferred source on GoogleHe described an inverse head-and-shoulders formation on a two-day XRP/USDT chart as nearly complete.
Crypto analyst Archie (@Archie_XRPL) marked the November 2024 setup’s relative strength index (RSI) at 39 while comparing it with a newer XRP (XRP) chart; he said XRP had moved back to a rising trend line.
His two-day XRP/USDT view featured an inverse head-and-shoulders setup that Archie considered almost complete.
His Oct. 30 post placed that earlier indicator reading alongside his assessment of the newer chart.
Before the latest turn, Crypto Michael's chart records a $1.68 high, a break from a falling pattern in late September and a later $1.65 peak.
The marks are about 22% and 43% above a $1.3232 reference price.
The volume profile places earlier trading in the $1.35–$1.55 range, alongside fair-value gaps around $1–$1.25 and $1.40–$1.48.
