Cryptocurrency analyst Egrag Crypto has unveiled key price levels for XRP, identifying $0.60, $0.75, $0.95, and $1.3 as crucial thresholds to confirm a bullish trend.
Read CRYPTONEWSLAND onIn a bold prediction, Egrag envisions the possibility of XRP experiencing a 50% drop, drawing parallels to the market movement in 2017. Despite the potential dip, the analyst anticipates a significant surge in the next bull run, akin to the 61,000% rise witnessed in 2017. This projection suggests that XRP could reach as high as $27, showcasing Egrag’s optimistic outlook for the cryptocurrency’s future.
On a cautionary note, Egrag warns of a potential flash crash for XRP to $0.28, contingent upon the alignment of specific chart channels, particularly the blue channel with the red channel. Despite this bearish scenario, Egrag suggests that strategic buying opportunities may arise if the flash crash occurs and XRP subsequently rises to $0.41.
Adding intrigue to XRP’s price action, Egrag highlights that the cryptocurrency has been navigating the blue channel for nearly 600 days since its breakout in May 2022. Conversely, XRP spent 580 days in the red channel before significantly surging.
Egrag suggests that market makers, responsible for potential independent surges, could engineer a rise to $5 for XRP. However, if the market experiences the worst-case scenario, the analyst advises seizing the opportunity to obtain XRP at a more favorable price.
Chinese authorities arrest 6 for $300M illegal #cryptotrades, highlighting exploitation of #DeFi. #CryptoCrime #DeFi
These coins are making a mark with their unique features and have the potential to…
A top analyst, with a proven track record for calling Solana's meteoric rise, now has…
The search for affordable cryptocurrencies with the potential for significant growth is more relevant than…
As the #bullrun of 2024 picks up pace, the search for promising altcoins intensifies. With…
📈 Exciting developments in the world of #crypto as #Solana charts a course towards $200!…