XRP price is showing short-term strength despite market retracement, but a potential major crash is looming, as per a crypto analyst's prediction.
The formation of an exit liquidity pattern in XRP, historically indicating market tops, is concerning analysts.
Analyst Oky_Bren on TradingView notes similarities with previous exit liquidity phases, suggesting a price spike followed by a crash for XRP.
The analyst foresees a potential crash to $1 or below for XRP if the exit liquidity pattern plays out, with a top expected around $2.9 before a decline.