XRP Ready for “Mega Jump” According to Analyst: These Levels Are Inevitable!

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EGRAG CRYPTO, a cryptocurrency analyst XRP A “mega leap” is “inevitable” for in your opinion. He stated that if this becomes a reality, his upside target for the remittance token is $27. Additionally, he explained that this is also the same level as the Fib 1.618 retracement level.

According to the article, XRP could not reach its full potential in the previous bull run. Therefore, EGRAG CRYPTO is of the view that XRP will most likely enter an exponential move fueled by this accumulated potential in the next bull cycle.

A pump to $27 would mean a 4,000% move for XRP from its current price. The analyst added that this move is also in perfect line with the Fib 1.618 retracement level between the remittance token’s peak reached in 2017 and its trough in 2020.

Meanwhile, at the time of writing, XRP is trading at $0.5507, according to CoinMarketCap. This, altcoinThis happened after ‘s price saw its price fall by 0.46% in the last 24 hours of trading. Despite this, XRP’s weekly performance remained in the green zone at +7.30%.

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XRP has been rejected by the $0.5670 barrier in the past few days. This happened after it managed to briefly break above the resistance level to reach a high of $0.5866 on Tuesday. Since reaching this peak, the altcoin’s price has entered a multi-day negative streak.

This also caused the daily RSI line to change its slope from positive to negative. This shows that the power of buyers is starting to decrease. Additionally, the daily RSI line was approaching the daily RSI SMA line at press time. If these two lines intersect, it is possible that it could signal a change in tides for XRP traders that will give them the upper hand over sellers.


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