The crypto market is currently experiencing an upturn with Bitcoin’s recent surge. XRP has enjoyed the market’s rise, trading at $0.5598, up 1.17% in 24 hours and 15.88% in the past week. This surge could validate some recent bullish predictions for the cryptocurrency.
A crypto analyst recently reported that XRP is showing momentum and zero signs of weakness. His prediction had a target of $1.2 for XRP. However, some analysts believe XRP can do more than that, with one going as high as a 5,250% surge to over $30.
A Promising Trend Emerges
Crypto analyst EGRAG CRYPTO (@egragcrypto) recently presented an XRP price analysis. His prediction is based on the formation of the “Gods Candle,” which would see XRP try to overcome strong resistance. The analyst described this resistance as XRP’s “Berlin Wall,” and breaking through it would bring substantial gains for the digital currency.
He also identified a ‘W formation’ on the chart, often seen before significant trend reversals and price momentum. EGRAG CRYPTO expects a gradual climb to the $0.65 level, a key milestone to breach.
Once achieved, the analyst anticipates a confirmed price range between $1.10 and $1.40, though Egrag notes a probable retest of the $0.55 to $0.58 range before this momentum continues.
XRP’s Potential 5,250% Surge Beyond $30
In another analysis on X, EGRAG CRYPTO shared an ambitious outlook for XRP. The analyst envisions a remarkable 5,250% rally for the altcoin. EGRAG CRYPTO shows the formation of a bullish pennant in XRP’s chart, something he has pointed out before.
The analyst emphasized that XRP is following significant chart patterns and asked that the community stay focused because XRP will “melt faces.” However, he states that the digital asset will put everyone’s emotions to the test and measure their endurance. This statement signals some turbulence before the final surge.
The chart shows a surge with a projected value exceeding $30. EGRAG CRYPTO asks the community to stay strong, adding that “glory awaits. Although it might be a rough journey, the rewards could be substantial. This milestone is anticipated around 2025, according to the chart.
This price target aligns with EGRAG CRYPTO’s Elliott Wave analysis of XRP’s price, setting it at $27. According to the analyst, the asset is currently in the 3rd Wave and expected to trigger a significant rally. The real potential, however, lies in the 5th Wave, which Egrag believes could propel the price to $27.
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