Popular altcoin Ripple (XRP)currently appears to be in a bullish position, but it remains unclear whether this position will continue depending on its direction ahead. According to crypto analyst Egrag, XRP can either go to $10 or $27 in the next two years, 2025, depending on its trajectory. can fly.
Charts shared by crypto analyst Egrag suggest that XRP can move in two different trajectories, and these trajectories can determine XRP’s future price performance.
#XRP White Symmetrical or Blue Ascending Triangle:
You choose your course of Action?
1) White Symmetrical Triangle $27
2) Blue Ascending Triangle $10NEWS CONTINUES BELOWThe 20 MMA is the single confirmation that will provide clear signal for the #bullrun. Close multiple closes above 20 MMA or… pic.twitter.com/DoqgyevFhS
— EGRAG CRYPTO (@egragcrypto) May 3, 2023
NEWS CONTINUES BELOW
The first orbit is one called the “Blue Ascendant Triangle”. This trajectory predicts that the XRP price could rise as high as $10 in the next two years. This rise could happen if XRP stays in this trajectory. The second orbit is called the “White Symmetric Triangle”. This trajectory predicts that the price of XRP could rise as high as $27 by 2025. However, this rise is dependent on XRP moving in this trajectory.
Koinfinans.com As we reported, Egrag stated that the fact that will confirm the exit of XRP in both directions is the asset’s closing above the 20-day moving average on the monthly time frame. According to Egrar, if the popular altcoin can record multiple closes above the moving average, the breakout will be confirmed.
It is worth noting that there are some gaps in the blue ascending triangle and white symmetrical triangle formations for XRP in the chart shared by Egrar. Egrag adds that it is possible for XRP to move in directions that will fill these gaps before reaching its final destination. He noted that this would increase the time needed to hit the target, but XRP could take a shorter path and avoid these gaps.
You can follow the current price action here.
Source : the crypto basic