Renowned crypto analyst and XRP enthusiast Egrag Cryoto has come up with yet another bullish XRP price prediction. The market analyst took to his official X handle to reveal a rare bent fork observation pattern on XRP’s price movements chart.
Per Egrag, the appearance of the unusual bent fork pattern has always hinted at a potential XRP price surge, which he noted could be in the range of about $15.
Read Also: BlackRock and JPMorgan’s Strategic Entry to Ignite XRP Price Surge –Forbes
Bent Fork Pattern: Previous Appearance
The first time Egrag mentioned a bent fork pattern formation was around June, predicting a potential XRP price ascent to $15, as reported at TimesTabloid. The previous assertion citing a bent fork appearance matches Egrag’s latest claims, implying consistency in the crypto expert’s analysis.
Per his previous post about the bent fork pattern, Egrag highlighted four distinct tracks. They are Major Historical Support, Ranging Zone, Mid-Cycle Top, and Cycle Top. He noted that the cycle top phase corresponds to the rally that will drive XRP’s ascent to the $15 price level.
Egrag also noted that XRP might shed significant profits before the coin consolidates to attain the projected price level of $15. However, investors should see the decline in price as an opportunity to accumulate XRP at discounted prices.
Egrag Revists XRP Bent Fork Patterns
Fast forward to four months after his initial claims of the bent fork pattern formation, Egrag has brought back his followers’ attention to the tweet.
According to Egrag, XRP is headed for the cycle top, where it could record a price high of about $15, implying an increase of approximately 2,842% from XRP’s current price of $0.51 at the time of writing.
Notedly, the crypto analyst highlighted a white ascending triangle that appeared in the price chart. According to him, XRP must break through the triangle for real excitement. “Real excitement” could mean XRP’s potential ascent to $15.
#XRP The Bent Fork – $15 (UPDATE):
— EGRAG CRYPTO (@egragcrypto) October 18, 2023
I strongly recommend revisiting our previous post from June 2, 2023, where I introduced "The Bent Fork," a chart with four intriguing tracks. 📅 Check it out here: The Bent Fork Chart https://t.co/vPee6Klubt
✅Fork A: Major Historical Support… pic.twitter.com/i5LziNOJ67
Read Also: After 7 Years of XRP Price Suppression, Analyst Predicts 26,731% Rally to $130, Sets Likely Timeline
Hinting at a possible timeline, Egrag encouraged his followers to watch out for the third and fourth week of November 2023. He remarked, “Mark your calendars for the 3rd to 4th week of November 2023 – something interesting may be brewing.”
Finally, in what could be interpreted as a warning, the crypto expert encouraged his followers to accumulate XRP tokens now, as there might not be any other opportunity to do so at discounted prices. “Feeling uncertain about your next move? This might just be your last chance to seize a buying opportunity,” Egrag added.
Meanwhile, at the time of writing, XRP is changing hands at $0.51, with a market cap worth $27,403,594,296 and a market cap dominance of 2.384%.
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