- A crypto expert predicts a potential XRP surge to $1.4 based on technical analysis.
- Key price levels include $0.57 and $0.5119, with $0.9310 as a significant target.
- XRP’s long-term accumulation phase hints at a potential rally, with price scenarios ranging from $6.6 to $89.1.
A prominent crypto analyst, EGRAG CRYPTO, has set the stage abuzz with a tantalizing forecast for XRP enthusiasts. According to this expert, XRP may be on the cusp of a significant surge, aiming for the coveted $1.4 mark.
EGRAG CRYPTO’s prognosis hinges on meticulous technical analysis, particularly Fibonacci retracement levels. In a recent tweet, the analyst highlighted a crucial milestone, stating that if XRP triumphantly closed above the Fibonacci 0.5 level at $0.57 with undeniable confirmation, the XRP community would be setting their sights on the $1.4.
This analysis maps out several key price levels that could steer XRP’s course. The critical “wicking” range, denoted between $0.3875 and $0.4719, serves as a litmus test. Falling below $0.3875 would signal concern, potentially derailing the bullish setup.
The territory between $0.4719 and $0.5119 represents a “ranging” phase characterized by sideways movement. But, if XRP successfully breaches the $0.5119 mark, it enters bullish terrain, extending up to $0.5738—the pivotal 50% Fibonacci retracement level.
EGRAG CRYPTO asserts that surpassing this level could catalyze an extensive rally, with limited resistance anticipated until the yearly high is $0.9310.
The analyst doesn’t stop there. He envisions a grander future for XRP, pointing to the 1,618 Fibonacci extension level at $1.4694 as the final target—a staggering 250% surge from current levels.
XRP’s current 68-month accumulation phase has him speculating on multiple scenarios, with the most audacious predicting a 27x surge from its all-time high, potentially positioning XRP at an eye-watering $89.1.
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