EGRAG CRYPTO Crypto, a well-known analyst in the cryptocurrency community, recently shared insights on XRP’s potential for a significant upward movement.
His analysis suggests that the digital asset might be on the verge of a massive price surge, akin to the events witnessed in 2017. This analysis compares historical patterns and current market behavior, pointing to a possible major rally ahead.
In his latest chart, EGRAG CRYPTO outlines two key phases: a big red duration followed by a smaller red duration, similar to what was observed before the 2017 price explosion.
This pattern is now repeating itself, with the smaller red duration having occurred, and according to EGRAG CRYPTO, the next phase is a significant price pump. He refers to this upcoming event as the “XRP Mega Pump.”
The Super Guppy indicator, which EGRAG CRYPTO uses, is designed to identify trend changes, breakouts, and trading opportunities by utilizing two groups of moving averages over varying timeframes. According to this indicator, XRP is now poised for a substantial breakout.
EGRAG CRYPTO is confident that history is about to rhyme, with the token set to undergo a similar price movement to its 2017 rally, where it experienced a rapid and significant price increase.
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The Super Guppy Analysis
EGRAG CRYPTO’s analysis references his analysis from 2022, where he predicted fireworks based on the same Super Guppy indicator. He emphasized that while nothing in crypto is ever certain, the data strongly suggests that XRP is nearing a critical moment that could end in a massive rally. With the patterns aligning again, he reiterates that XRP holders should remain patient and steady.
His analysis highlighted a critical period between December 2023 and February 2024, which he believed would be pivotal. During this period, XRP saw significant surges with notable increases in late 2023, and early 2024.
The charts shared by EGRAG CRYPTO provide visual evidence of the patterns he refers to. In both charts, the price movements seem to follow a similar trajectory. The repeating pattern of red durations, followed by significant green pumps, strengthens EGRAG CRYPTO’s argument for an upcoming XRP rally.
The chart showcases a massive green zone that occurred after the smaller red period in 2017, leading to XRP’s all-time high, and he expects a repeat of this behavior soon.
Although EGRAG CRYPTO did not provide a specific target in his recent analysis, his analysis from 2022 has a target of $99.2, very close to the $100 target other analysts have set.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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