Cryptocurrency

XRP The Big Fall: Analyst Says It Already Began At This Dollar Mark

EGRAG CRYPTO (@egragcrypto), a prominent cryptocurrency analyst on X, recently shared an intriguing chart and commentary on XRP’s price trajectory.

The analysis, initially suggesting a big fall for XRP, is revealed upon closer examination to project a significant upward movement for XRP, with potential targets aligning with Fibonacci retracement levels.

The chart shared by EGRAG CRYPTO appears visually inverted, which might be misleading at first glance. However, a closer look makes the bullish sentiment clear.

The analyst identified three key levels derived from Fibonacci extensions, a common tool in financial market analysis to identify potential price targets after a breakout, and an analysis of the asset’s extended consolidation and repetition of historic patterns.

Targets for XRP’s Next Run

EGRAG CRYPTO noted the $2 mark as the beginning of XRP’s journey. In early December, the digital asset crossed over the $2 level for the first time since 2018, and EGRAG CRYPTO believes the asset has entered a new phase.

The first target is $5.89, a level the analyst has previously described as a measured move preceding a pump to double digits. Notably, this target represents a new all-time high for XRP.

The digital asset is currently trading at $2.2, and this target represents a 167.7% increase from its current price. However, this is just the start, as EGRAG CRYPTO has much higher expectations for the digital asset.

The second target is $15, a massive 581.8% increase that significantly exceeds XRP’s previous all-time highs.

This prediction signals a potential for strong market adoption or major developments in the cryptocurrency space. The final target is $18.5, which is 740.9% higher than the asset’s current price, and would bring life-changing wealth to early investors.

The Increasing Bullish Sentiment Surrounding XRP

EGRAG CRYPTO’s analysis has sparked excitement within the XRP community. His analysis reflects a broader trend in the cryptocurrency market, as many analysts have recently shared bullish predictions for XRP. The identification of Fibonacci-based targets at $5.89, $15.00, and $18.50 reinforces this bullish outlook for XRP.

While the asset has a strong technical foundation, notable developments within the crypto space like the recent launch of RLUSD and growing adoption through Ripple’s global partnerships could speed up this predicted rally.

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.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

XRP Is Creating Squares On Daily Chart. Here’s the Significance

XRP, the fourth-largest cryptocurrency by market cap, has captured significant attention following its sustained rally…

8 seconds ago

Why XRP Could Surge to $50 by Early 2025: A Technical Breakdown

Technical analysis from EGRAG CRYPTO indicates that XRP’s price could experience a significant surge in…

1 hour ago

XRP Is Finishing a Correctional Pattern. Here’s How Long Before $6

A respected market analyst has outlined a timeline for XRP to achieve a $6 valuation,…

3 hours ago

Aptos (APT) Defies Market Selling Spree Along With DTX Exchange, But Dogecoin Loses Major Support at $0.38

With the wave of sell-offs in the crypto market currently, it is interesting to see…

3 hours ago

XRP to $5.85 and $8.76? Analyst Makes a Case Based On Repeating Bullish Pattern

Dark Defender, a notable crypto analyst on X, recently shared a compelling technical analysis of…

4 hours ago

Could Pepe Unchained Overtake The Original Pepe Coin? Is A New Altcoin Set To Outperform Both In 2025?

While meme coins have cooled off slightly in Q4, they are likely to experience a…

4 hours ago