Analyst Predicts XRP Price Will Rise 800% To $5.5 – The Timeframe Will Shock You
16 Dicembre 2023 - 1:08PM
NEWSBTC
Popular crypto analyst EGRAG crypto has dropped what looks like the
most bullish price prediction for XRP. XRP has been subjected to
various price predictions in the past few months from EGRAG and
other crypto analysts, as the crypto now has free rein on its price
movement. This time, the analyst claims XRP is ready to explode
800% in just two weeks, rocketing from under $0.65 today to over
$5.50 in just 14 days. EGRAG’s analysis pointed to price movement
and the Fibonacci indicator, indicating XRP is gearing up for a
huge rally. Related Reading: Osmosis Rally Intensifies With 77%
Increase – Will OSMO Hit $2 This Month? Massive XRP Price Surge In
A Short Time EGRAG took to social media platform X to reveal his
latest prediction about XRP. The prediction came as an update to
the analyst’s earlier prediction in May, where he shared that XRP’s
price was at the final wake up line. The Final Wake Up Line was
drawn from XRP’s all time high of $3.40 in 2018, sloping downwards
as the crypto continued to form lower highs. At that time, XRP was
trading at $0.4639 and EGRAG gave three price targets of $0.85 to
$1, $5.5, and $6.1 in the coming months. The analyst also drew a
bottom (Atlas) line on higher lows since 2021 to form a symmetrical
triangle. #XRP Mid-Term Target (0.85c – $1 – $5.5 – $6.4): The
‘Final Wake Up Line’ is gauging the next #XRP breakout. Once #XRP
breaks it and retest it without breaking Fib 0.236 (0.45c) on the
Weekly Time frame then I can say with high degree of certainty that
Fib 1.618 ($5.5 – $6.4)… pic.twitter.com/xzPMi7b7FN — EGRAG CRYPTO
(@egragcrypto) May 22, 2023 Now five months after, XRP has had
major events in its ecosystem, becoming the only crypto asset to
receive regulatory clarity in the US. As a result, XRP went on a
price growth that led to a spike over $0.93 against USDT on various
crypto exchanges. According to EGRAG, his first target of the $0.85
to 1$ was completed amidst the price spike. XRPUSD currently
trading at $0.6231 territory. Chart: TradingView.com A look
at the price chart shared by EGRAG reveals XRP seems to have formed
a support around this final wake-up line. Now, the next target is
around $5.5, a measured move of the symmetrical triangle formed
between the final wake up and atlas line. EGRAG claims we could see
XRP trade at this price point in just two weeks. #XRP 3
Targets 🚀🎯: Curious about the specifics? Check out the May 2022
post for all the details:https://t.co/CGLMB7CgGi Target 1: 0.85 –
1$ (Completed) Target 2: $ 5.5 (Might be achieved in two weeks)
Target 3: $ 6.4 (Fib 1.618 will be extended wick)#XRPArmy STAY
STEAD and… pic.twitter.com/vTYMwxFbA1 — EGRAG CRYPTO (@egragcrypto)
December 14, 2023 How Feasible Is This Price Prediction? XRP has
since fallen below the analyst’s first target of $0.85. At the time
of writing, XRP is trading at $0.62, down by 9.59% in a 7-day
timeframe. EGRAG argued that the recent price correction could make
investors jump ship, but HOLDing is still the best decision at this
moment. Related Reading: Why BONK Keeps On Rising, Price Explodes
124% Today – Here’s The Scoop A surge to $5.5 would mean an 800%
price gain from the current level before the end of the year.
However, current fundamentals points to an increase of this
magnitude in such a short timeframe being very unlikely . EGRAG
clarified in a comment that the prediction wasn’t based on the next
two weeks. Instead the rally to $5.5 would be completed in just a
two week timeframe. Not within the next 2 weeks but in
2 weeks duration all this move will be completed. 👍 — EGRAG CRYPTO
(@egragcrypto) December 14, 2023 Featured image from Shutterstock
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