A crypto strategist that this year accurately called the Bitcoin (BTC) and Solana (SOL) correction, says that the payments Altcoin XRP is the following to witness large price drops.
Pseudonymal Analyst Bluntz tells his 318,000 followers on the social media platform X that the XRP against Bitcoin (XRP/BTC) couple a bearish divergence flashes on the weekly map.
Traders keep a close eye on coins that flash a bearish divergence, because the signal suggests that it loses token Bullish Momentum and may be ready to enter a falling trend.
Bluntz also notes that XRP seems to be in the middle of an ABC correction against the US dollar.
“It seems increasing that in my opinion a complacent shoulder B -golf was on XRP.
If BTC and Sol have taught me something in the past month, the weekly Berendivs will not blur. ‘
Bluntz practices the Elliott golf theory, which states that an active tendency to go through an ABC return after completing a five golf rally. Based on the graph of the trader, he seems to predict that XRP will fall to the $ 1 area to complete the ABC correction.
At the time of writing, XRP is worth $ 2.46.
In January, when BTC was higher than $ 100,000, Bluntz said That bitcoin seems to have completed a five -golf rally and that there is a market top. He later updated his prospects and said That Bitcoin flashed a bearish divergence on the monthly period.
Last month he told his followers that Sol looked weak after he had lost the level of $ 220 while showing a bearish divergence on the two -week graph.
At the time of writing, BTC acts for $ 87,421 and is worth SOL $ 144.78.
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Generated image: midjourney