Cryptocurrency analyst Crypto Egrag Provided an update on his recent analysis, he said that significant price drop. After calling it correctly, Egrag has now predicted what the next move for the crypto token will be.
XRP price could rise to $22.
Egrag mentioned on X (formerly Twitter) post XRP’s next move “could be between 1000% and 3000%.” He acknowledged the following: current market situation It might make it hard for anyone to imagine seeing XRP make such a move. However, he added that according to the chart, XRP will rise between $10 and $22. historical movement It will be repeated from 2017 or 2021.
Source: X
Eggg He also noted that XRP has reached the lower target expected for the cryptocurrency token, suggesting that the price correction is well-prepared for this parabolic rise. In his early days analyzeAnalysts predicted that XRP could fall to $0.44, which it eventually did on April 13th. Since then, the token has recovered and is looking to break the $0.50 resistance level, bracing for a parabolic rise.
Meanwhile, a recent analysis by cryptocurrency analyst Lunc Maxi reflects similar sentiments shared by Egrag Crypto. cryptocurrency analyst shared XRP’s daily chart looks the same as in 2017 and “even the decline was the same,” he noted. If XRP’s current price action is from 2017 or later, the following becomes more likely. XRP reaches $22 A similar move to 2017 would likely push the cryptocurrency token to that price level, rather than just a stop at $10, according to Egrag’s chart.
XRP’s Short-Term Price Target
In the follow-up X post, Egrag suggested that XRP could be headed to $1.4 in the near term. He acknowledged there could be further price declines before this move takes place, but added: XRP Bull They have shown that they are willing to match. selling pressure From the bear. So, it won’t be long before the bulls take control and the price of XRP skyrockets.
He also urged XRP holders not to be deterred, saying these price drops are “just an opportunity for your bid to get done, and these bids can get done.” life-changing opportunity.” XRP rising to these price levels would really change the lives of XRP investors. But considering that unimpressive price action So far, it remains to be seen whether cryptocurrency tokens will reach such heights.
As of this writing, XRP is reportedly trading at around $0.49, down nearly 4% in the last 24 hours. data From CoinMarketCap.
Token price drops following market crash | Source: XRPUSDT on Tradingview.com
Featured image from VOI, chart from Tradingview.com
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