EGRAG CRYPTO, a well-known analyst in the cryptocurrency space, recently XRP analysis of the coin’s potential price trajectory shared. His analysis is based on the possibility that XRP’s price action may reflect its performance in 2021.
The essence of the analysis revolves around two parts called the “Blue Part” and the “Yellow Part”. The analyst is of the opinion that XRP could reach an all-time high if it re-establishes its trajectory in 2021.
#XRP Imitating 2021 – Move:
🔵 Blue Section: The current trajectory suggests a possible reach of $1.4 by June-July, a key target. The price range between ($1.2 – $1.8) is a plausible target.
NEWS CONTINUES BELOW🟡 Yellow Section: Aiming for $4 is feasible if we follow a similar path to 2021.… pic.twitter.com/BMUJSbb5GQ
— EGRAG CRYPTO (@egragcrypto) April 25, 2024
NEWS CONTINUES BELOW
Blue Section (Target 1.2 – 1.8 Dollars)
The “Blue Section” suggests a limited bullish outlook for the XRP coin. According to EGRAG CRYPTO, current price action points to a possible rise towards $1.4 by June-July 2024. This price point has been identified as a key target, while a wider range of $1.2 to $1.8 is considered a reasonable landing zone. This range marks a significant increase from XRP’s current price of $0.5313.
Yellow Section (Target $4)
The “Yellow Section” makes a more ambitious price prediction for XRP. EGRAG CRYPTO highlights potential parallels between current price action and XRP’s performance in 2021. The analyst suggests that if a similar price trajectory emerges, XRP could reach a price of $4, which is very close to the $5 target set by another analyst and higher than the all-time high of $3.84 set in January 2018.
To prove this claim, EGRAG CRYPTO emphasizes that the blue trend line aligns with a “yellowish fractal” on the chart. Many analysts interpret this as a potential indicator of future price behavior. In this example, the alignment is seen as a factor supporting the possibility of XRP reaching the $4 target.
The Future of XRP
Although XRP has struggled due to the legal dispute with the SEC, the case will end soon. The analyst ends his post with a message to the XRP Army asking them to stay strong. XRP’s poor performance over the past few years has discouraged many investors. However, many are of the opinion that the digital asset is on the verge of a historic surge.
EGRAG CRYPTO’s analysis provides valuable insight into the potential future price movement of XRP. Many analysts share the belief that 2024 is the year of XRP. Additionally, a prominent analyst recently predicted an explosive price move.
