Analyst Sees Path To Historical $17 Target

Ripple’s native token, XRP, is on the brink of a major upswing, catching the attention of analysts and investors. During recent bearish market conditions, XRP was trading in a range of $0.40 to $0.52.

At the time of writing, XRP is priced at $0.43598, with a 24-hour trading volume of $2 billion, a market cap of $24.17 billion, and a market share of 1.14%. Despite a small drop of 0.26% in the past 24 hours, XRP’s growth potential remains strong, leading to increased interest from the cryptocurrency community.

Analyst Predicts XRP to Hit $17, Citing Previous Support

Well-known crypto analyst EGRAG CRYPTO recently share He has attracted the attention of the crypto community with his highly optimistic outlook for the price trajectory of XRP. His analysis, called “The Bent Fork ($17 & Historical Support)”, provides valuable insights and predictions.

In June 2023, EGRAG CRYPTO published “The Bent Fork Chart” highlighting key targets and resistance points for XRP. According to his latest update, the new all-time target for XRP is set at a staggering $17. However, reaching this target will come with challenges. The analyst has identified the $1 mark as a key resistance level, acting as both a structural barrier and a psychological hurdle for investors.

To provide further context, EGRAG CRYPTO points out that XRP’s all-time high (ATH) is $3.50 – a breakout above this level could result in significant gains, which he poetically describes as “opening the gates to Valhalla.”

The analyst has outlined several key predictions for the future direction of XRP. First, XRP has reached $0.40 as previously predicted. Secondly, the $0.75 level is key and a close above this level with strong momentum will be essential to drive further new all-time highs.

Third, the $1 level remains a key structural and psychological barrier that XRP must overcome. Moreover, equilibrium is expected around $1.8, which will serve as a balance point for the token. Finally, the ambitious primary target remains $17, a milestone that could redefine XRP’s market presence.

EGRAG CRYPTO encourages the XRP community, also known as the XRP Army, to remain steadfast. His strategy is to redirect profits from other coins into XRP, based on his conviction in XRP’s bullish potential. This mindset reflects a strong belief that XRP can achieve significant growth despite the challenges ahead.

EGRAG CRYPTO’s bullish outlook for XRP provides investors and enthusiasts with a detailed roadmap, highlighting key resistance levels and ambitious targets. As the cryptocurrency market continues to evolve, his insights provide valuable guidance for navigating the potential upside in XRP price.

Related Article | Chainlink Rocked by Whale Rally: 12.43% Rise Predicted

0 Comments

Leave a Comment