Crypto Analyst Forecasts Massive Gains for XRP with Giant Cup Pattern

Ergag Crypto predicts significant XRP gains, citing a promising giant cup formation.
Bullish targets include $1.6 and $7.5, emphasizing simplicity in analysis.
XRP maintains support at $0.55, focusing on the bigger upward picture.

Renowned XRP investor and price analyst Ergag Crypto recently shared an insightful chart analysis, predicting significant gains for Ripple‘s XRP. In his latest update, he highlights a giant cup formation, signaling a potential pump in the near future.

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According to the charts shared on his post on TwitterX, the current state of the asset shoes the formation of the Giant Cup pattern. Using this, Ergag Crypto reaffirms his bullish targets, maintaining the following price objectives.

Firstly he says the value of XRP will move to $1.2 and then to $1.6 which will be followed by the asset setting a new all-time high. Once this is achieved he claims the asset will continue to rise in price value until it goes from $7.5 to $13 to finally $27.

Delving into past charts, Ergag Crypto emphasizes the importance of analyzing price behavior independent of broader market trends, providing valuable context for his predictions.

He observes that many influential accounts are caught in the “Paralysis of Analysis,” grappling with complex charts and macro analyses. Ergag Crypto advises simplicity, urging followers to focus on essential aspects.

Zooming in on the XRP performance against the Cup edge and the formidable ATLAS Line, Ergag Crypto notes a graceful adherence to the curved structure. Higher lows indicate a positive trajectory.

Identifying the $0.55 level as a significant support, Ergag Crypto expresses confidence that XRP won’t close the weekly candle below $0.50. While the Atlas Line looms at $0.43, his attention remains on the broader picture.

Recently, the analyst made another seemingly drastic prediction of XRP. The community hopes to see the asset fulfill both these predictions. Addressing the XRP Army, Ergag Crypto encourages steadfastness, emphasizing the importance of maintaining focus on the upward targets amidst market fluctuations.

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Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.