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Crypto analyst Koroush AK, who boasts over eight years of market experience, has warned XRP traders considering long positions on the asset.
In a recent analysis, he noted that XRP’s bearish momentum is intensifying, urging market participants to reassess their risk exposure.
He shared a daily XRP chart displaying what resembles a descending or falling wedge characterized by aggressive lower highs and expanding volatility. Currently trading around $1.94, XRP faces immediate resistance near the $2.06 mark. According to Koroush, this zone could lure in premature buyers before another leg down.
#BTC & ETH Weekend Analysis