- EGRAG’s analysis of XRP’s VPVR highlights significant resistance levels, projecting a bullish future.
- XRP’s break from a multi-month trendline, and retest signifies potential upward price movement.
- With current value at $0.5227, reaching $4.5 would mean a colossal 761% rally.
The crypto world is abuzz as EGRAG unveils a promising trajectory for XRP, backed by meticulous analysis of its Weekly Volume Profile Visible Range (VPVR). The chart analysis reveals two vital landmarks: the Value Area High (VAH) at about $0.55 and the Low-Value Area (VAL) near $0.14.
Having surged past a multi-month trendline and confirming the break with a retest, XRP looks primed for a significant ascent. This trendline, originating from the April 2021 downturn from $1.96, was transcended this July, post a triumphant lawsuit outcome.
For XRP to realize its potential, conquering the VAH is imperative. Furthermore, maintaining consecutive weekly closes over the $1 threshold holds symbolic and structural value for the cryptocurrency.
The analyst has highlighted a crucial yellow trendline, acting as XRP’s upcoming challenge. Time is of the essence here; a swift rally could encounter resistance at $3, while a prolonged buildup might push this barrier to a whopping $4.5.
Concluding his insights, EGRAG motivates the XRP community to remain steadfast, hinting at the possibility that we might soon witness the last of XRP trades under $1. Given XRP’s present standing at $0.53, a stride to $4.5 suggests a monumental 761% climb.
The future looks bright for Ripple and XRP in the crypto arena. As technological advancements and favorable legal outcomes merge, Ripple is poised to reinforce its position, with XRP potentially becoming a front-runner in the next wave of crypto evolution.
