EGRAG CRYPTO (@egragcrypto), one of the top analysts in the crypto space, recently presented an analysis suggesting a massive increase for XRP. His analysis highlights a crucial pattern in XRP’s price chart, drawing parallels to the 2017 market behavior.
According to the chart, the digital asset echoes its previous bullish trajectory. It shows a similar pattern where the Red Ascending Support Line was tapped four times before initiating the significant bull run of 2017.
EGRAG CRYPTO asserts, “The same pattern is happening right now,” with the fourth touch recently completed, indicating that the cryptocurrency might be on the verge of a significant price surge.
#XRP 888.88% – The Secret Behind the 8's ♾:
Check out the chart below 📊 — it’s presenting a crucial pattern showing #XRP is echoing the chart behavior from 2017! 🌟 Back then, the Red Ascending Support Line was tapped 4 times before sparking the legendary 2017 #BullRun. 🐂… pic.twitter.com/dXPeZisHmA
— EGRAG CRYPTO (@egragcrypto) September 27, 2024
Potential Target Ranges
The analysis projects a target range of $27 to $31 for XRP, contingent on an 888.88% increase from its previous all-time high. This target aligns with the Fibonacci 1.618 level, a significant marker in technical analysis. For context, during the 2017-2018 bull run, after reaching the 2014 ATH, XRP experienced an extraordinary 4,500% surge.
EGRAG CRYPTO says for the upcoming bull run, XRP only needs to reach its all-time high and achieve just 20% of the previous 4,500% increase to hit the projected $31 target. This scenario presents a major upside potential for XRP investors.
The analysis also identifies two major target zones based on Fibonacci retracement levels: the first at $6.5, derived from the 2021 high, and the second at $31, based on the 2018 high. These targets suggest substantial growth possibilities, emphasizing the bullish outlook for XRP.
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The Number 8 and XRP’s Future
A noteworthy aspect of this analysis is the emphasis on the number 8, which is believed to hold deep symbolic meanings across various disciplines. The analyst noted that in gematria, “8” symbolizes infinity and continuity, represented by its shape (∞), signifying eternity, endless cycles, and flow.
He also pointed out that numerologically, it represents balance and harmony, embodying the equilibrium between material success and spiritual growth. In Jewish gematria, 8 is associated with new beginnings and transcendence beyond the natural order, while in general numerology, it stands for authority, leadership, and financial success.
Thus, EGRAG CRYPTO notes that the number 8 signifies abundance, strength, and the fusion of spiritual and material realms, making it a powerful symbol for XRP’s projected growth, and making the 888.88% surge noteworthy.
Meanwhile, other analysts have also set the $31 target, corroborating EGRAG CRYPTO’s bullish analysis and prediction.
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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