EGRAG CRYPTO (@egragcrypto), a well-known figure in the cryptocurrency space, recently shared an update on his price targets for XRP. In the analysis, he revised his mid-term price targets for XRP, shedding light on its potential future.
The Evolution of XRP Price Targets
In the previous post dated back to May 22, 2023, EGRAG CRYPTO outlined a roadmap for XRP’s price movements. He set the mid-term targets at $0.85, $1, $5.5, and $6.4.
The key indicator for this projection was the “Final Wake Up Line,” which would signify an impending breakout if breached and retested without falling below Fib 0.236 at $0.45 on the weekly time frame.
Read Also: Bitcoin OG Shares Factors That Make $10 XRP Price Nearer Than People Think
Fast forward, and XRP’s price movement has exceeded expectations. XRP has already pumped to $0.93, marking an impressive 9.41% gain from the initial low-end target of $0.85.
#XRP Midterm Targets(0.85c-$1-$5.5-$6.4) UPDATE:
For more details, check out the post dated back on May 22, 2023 for better understanding of the chart [https://t.co/CGLMB7CgGi]
What's happening right now is merely a retest of the breakout; the true pump is still on the… pic.twitter.com/jm45yH4vGb
— EGRAG CRYPTO (@egragcrypto) October 23, 2023
The New Targets
Building upon this momentum, EGRAG CRYPTO extrapolated from the current gain, suggesting the following potential price targets:
$1.10: Applying the same 9.41% increase to the $1 target could push XRP to around $1.10.
Approximately $6: Similarly, a 9.41% gain could drive the price to approximately $6 from the initial $5.5 target.
About $7: For the $6.4 target, this percentage increase translates to about $7.
EGRAG CRYPTO’s analysis suggests that the true pump for XRP is yet to come and that the cryptocurrency is poised for an epic rise.
The analyst’s approach is chart-based, relying on technical analysis to make these predictions. He uses a variety of technical indicators and patterns, including Fibonacci retracement levels and symmetrical triangles.
Read Also: XRP Price Prediction: Expert Indicates Timeline to Witness $0.66, $1.88, and $5.85 Supports
This price update has both detractors and supporters. The mixed reaction could be a result of the absence of a massive surge since July 2023. However, the chartist and many other analysts believe a big surge is coming soon.
In both posts, EGRAG CRYPTO urged the community to stay calm and steady. As always, it’s important to approach cryptocurrency investments with caution. EGRAG CRYPTO’s price targets are based on his technical analysis, and the crypto market is known for its volatility.
EGRAG CRYPTO’s updated price targets for XRP have set the stage for an exciting future for XRP. The analyst also has other predictions with higher price targets. A notable one is a potential surge to $27.
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