EGRAG CRYPTO (@egragcrypto), a well-recognized analyst in the cryptocurrency space, has recently shared his analysis on the potential price trajectory of XRP. His analysis hinges on the possibility that XRP’s price movement might mirror its performance in 2021.
The core of the analysis revolves around two sections, designated as “Blue Section” and “Yellow Section,” and the analyst believes XRP can reach a new all-time high if it recreates its trajectory from 2021.
#XRP Imitating 2021 – Move:
🔵 Blue Section: The current trajectory suggests a possible reach of $1.4 by June-July, a key target. The price range between ($1.2 – $1.8) is a plausible target.
🟡 Yellow Section: Aiming for $4 is feasible if we follow a similar path to 2021.… pic.twitter.com/BMUJSbb5GQ
— EGRAG CRYPTO (@egragcrypto) April 25, 2024
Read Also: Top Analyst Shows XRP Price Path To $1.3, Citing Emergence of Bullish Pattern
The Blue Section ($1.2 – $1.8 Target)
The “Blue Section” suggests a limited bullish outlook for XRP. According to EGRAG CRYPTO, the current price action indicates a possible upswing towards $1.4 by June-July 2024. This price point is established as a key target, with a broader range of $1.2 to $1.8 being considered a plausible landing zone. This range suggests a significant increase from XRP’s current price of $0.5313.
The Yellow Section ($4 Target)
The “Yellow Section” has a more ambitious price prediction for XRP. EGRAG CRYPTO highlights potential parallels between the current price movement and XRP’s performance in 2021. If a similar price trajectory unfolds, the analyst suggests that XRP could reach a price of $4, very close to the $5 target set by another analyst and higher than its all-time high of $3.84 set in January 2018.
To substantiate this claim, EGRAG CRYPTO highlights the alignment of the blue trend line with a “yellowish fractal” within the chart. Many analysts interpret this as a potential indicator of future price behavior. In this instance, the alignment is seen as a factor supporting the likelihood of XRP reaching the $4 target.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: XRP Price Analysis: Key Resistance Levels On XRP Path To $5
XRP’s Future
Although XRP has struggled due to the legal dispute with the U.S. Securities and Exchange Commission (SEC), the lawsuit will soon end. Some believe the XRP community was scammed out of new all-time highs, but 2024 could be the year things turn around.
EGRAG CRYPTO concludes the post with a message directed toward the XRP Army asking them to hold strong. XRP’s poor performance over the past few years has discouraged numerous investors. However, many believe the digital asset is on the brink of a historic surge.
EGRAG CRYPTO’s analysis provides valuable insights into the potential future price movement of XRP. Many analysts share the belief that 2024 is XRP’s year, and a prominent analyst recently predicted that an explosive price action is coming.
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