Board Thread:News and Announcements/@comment-6493589-20151008152837/@comment-24994749-20151016032128

ChishioKunrin wrote: MetallicArcher wrote: ChishioKunrin wrote: Except she does have the spiky hair in the final scene of volume 2. You can see it as she's finishing taking the mask off.

Right after she takes the mask off, she is left with a colour swapped version of Yang's hair:

You yourself analysed the final sequence and recognised the possibility the feathers might have been tied to the kerchief on her head and the hair be tucked under it. In that screenshot of her taking her mask off above, she already has the color swap of Yang's hair, and has the spiky hair in the back of it.

In the opening, she has normal hair in front and spiky hair in back, just like in the volume 2 final scene. Let's go over this again:

In the team photo Raven's bangs look like normal hair and the length of her hair is all spiky:



In the screenhot of Mysterious Lady taking the mask off, wavy hair alike to Yang's can be seen under the spiky hair.

After she takes it off, all the hair looks wavy alike to Yang's.

Thus I suggest that it's possible Mysterious Lady's spiky hair is a wig tied to her mask with her real hair underneath.