- XRP broke the $0.65 resistance level after over 90 days.
- EGRAG accurately forecasted the surge, pointing out a ‘W’ formation that indicated a trend reversal.
- EGRAG compares XRP’s resistance to the Berlin Wall and expects a breakthrough into the $1.10 to $1.40 range.
XRP managed to shatter a crucial resistance level, surging past the $0.65 mark. The breakout was met with great enthusiasm from investors and analysts alike, with seasoned chartist EGRAG leading the optimistic charge.
Read CRYPTONEWSLAND on
google news
EGRAG, a respected figure in the world of cryptocurrency analysis, had previously hinted at XRP’s potential when the digital asset was trading at a modest $0.54. He discerned a distinctive pattern on the charts, a ‘W’ formation, suggesting an imminent trend reversal with significant momentum. His foresight proved accurate as XRP steadily climbed, eventually surpassing the $0.65 resistance point after over three months of stagnation.
What sets EGRAG’s analysis apart is his analogy comparing XRP’s resistance level challenges to the historic Berlin Wall. He boldly claimed that this barrier was on the verge of collapsing, paving the way for a substantial price surge. With XRP currently standing at $0.6733, EGRAG’s prediction gains credibility, drawing attention to his next ambitious forecast.
EGRAG now firmly believes that XRP is poised for a remarkable breakthrough, targeting an impressive price range between $1.10 and $1.40. According to his analysis, breaching the previously mentioned resistance point is crucial.
He anticipates a temporary retest of the range between $0.55 to $0.58, followed by a rebound. Should this rebound occur as predicted, it would confirm the path for XRP to soar into the projected price range. Investors are eagerly watching the market, considering EGRAG’s track record of accurate predictions.
Read also:
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
