Analyst Updates XRP Color Code Chart That Projects Price Rally To $1.4

EGRAG CRYPTO (@egragcrypto), a prominent market analyst, has recently shared a compelling outlook for XRP, suggesting that the cryptocurrency is poised for substantial growth. His analysis centers on XRP’s potential for a remarkable surge.

The analyst asserts that XRP is currently in a consolidation phase, paving the way for a significant price surge. This prediction comes on the heels of XRP’s recent stability around $0.65, which followed a remarkable surge to a four-month high of $0.73 in early November.

Source: EGRAG CRYPTO/X

Crucial Trading Zones

EGRAG CRYPTO’s assessment is built on XRP’s journey through crucial trading zones. These zones include what he terms the red flag, wicking, ranging, and bullish zones. The analyst has added the consolidation zone to the updated analysis. According to his analysis, XRP has successfully navigated these zones, positioning itself for a bull run.

What sets EGRAG CRYPTO’s analysis apart is his track record. In September, he correctly predicted XRP’s breakout from the $0.4719 ranging zone to a partial bull region ranging from $0.5738 to $0.74. This forecast proved accurate when XRP traded above $0.7 on November 6. Based on this success, EGRAG CRYPTO has expanded his bullish outlook further.

Future Projections

According to EGRAG CRYPTO’s updated chart, XRP is on the cusp of breaking out of its consolidation phase and reaching $0.9310. Furthermore, his analysis suggests that XRP’s next bullish move could propel it to $1.4695.

Trading at $0.6534, down 1.98% in the past 24 hours, XRP is trading within the consolidation zone marked in blue in the chart.

He encourages the community to stay steady and wait for the upcoming upsurge to the bullish zone, extending to his target of $1.4. Given XRP’s current value, a surge to EGRAG CRYPTO’s target would represent a remarkable gain of approximately 124.9%.

The analyst’s insights are backed by a meticulous analysis of XRP’s price chart and a deep understanding of the cryptocurrency market’s dynamics. His track record also lends credibility to his new predictions.

EGRAG CRYPTO’s analysis presents a compelling case for XRP’s potential growth, emphasizing the cryptocurrency’s recent accomplishments and promising future.

The analyst also gave a more audacious prediction, with an astonishing price target of $27, a price target shared by another crypto proponent. Moving from human analysts to AI models, ChatGPT recently gave its opinion on XRP’s potential to reach $1 before 2023 ends.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.