- XRP could see a massive price surge following the concussion to SEC vs Ripple case.
- Unusual Bent Fork Pattern Signals Potential 3853% Surge to $17.
- The Bent Fork Chart maps future XRP price movements based on historical data and resistance Surpassing XRP’s all-time high of $3.5 might open “the gates to Valhalla”
The Bent Fork Chart was introduced by Egrah Crypto in June 2023. Egrah’s latest update suggests an ambitious new top target of $17. This represents a staggering potential surge of 3853% from the current price of $0.43.
How the Bent Fork Chart Works
The Bent Fork Chart maps out potential future price movements based on historical data and key resistance levels. The chart is characterized by a distinct ‘bent’ shape.
This “bent” shape highlights critical points where the price may encounter significant support or resistance. The primary concept behind this chart is to identify these pivotal levels where XRP’s price trajectory might change direction.
Egrah’s Latest Update
According to the latest update, the chart pinpoints $1 as a crucial resistance level. This level serves as both a structural barrier and a psychological hurdle for traders and investors. $1 has historically been a challenging point for XRP to sustain, making it a key area to watch.
Breaking through this barrier could signal a strong bullish momentum. Moreover, the chart highlights XRP’s all-time high (ATH) of $3.5. Egrah Crypto suggests that surpassing this ATH could unlock what he refers to as ‘the gates to Valhalla’.
XRP has demonstrated the accuracy of the Bent Fork Chart’s predictions in recent months. As anticipated, XRP touched $0.40, aligning with the chart’s forecast. According to Egrag Crypto, ($0.75) is the next significant level to watch. He noted that a bullish trend can be confirmed if the price closes above this level.
The Bent Fork Chart’s prediction of a $17 top target for XRP is ambitious, to say the least. Achieving this would require overcoming several resistance levels. However, the chart’s historical accuracy has given it credibility among traders and analysts.
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