Renowned cryptocurrency expert Egrag Crypto has recently made waves in the digital asset community with his bold prediction of a substantial price surge for XRP. According to Egrag, XRP has the potential to rally by an astonishing 3,100%, reaching a price of $15 by the end of this year.
Read on to know more.
Understanding the ‘Bent Fork Pattern’
Egrag’s prediction is based on his analysis of what he refers to as XRP’s Bent Fork pattern. Through his intriguing findings, he suggests that this pattern could indicate a significant breakthrough for XRP, potentially occurring on either July 24, 2023, or September 25, 2023.
Egrag acknowledges the challenges of precisely timing such a breakout due to the inherent uncertainties in the cryptocurrency landscape. Nevertheless, he is zeroing in on a window between July and December of this year, with a concentrated focus on the period from September through November.
Also Read: Ripple News: Top Reasons Why XRP Price Might Initiate a Fresh Rally Soon
Bulls vs Bears: A Battle Waiting to Happen
In a prior analysis, Egrag shed light on the ongoing skirmish between the Bulls and Bears within a macro falling wedge. The Bulls must keep the price above the edge of the wedge to claim victory.
On the flip side, the Bears could exert downward pressure, potentially dragging the value of XRP into a range of $0.45 to $0.47. If the price falls below this range, the Bears would gain the upper hand, potentially pushing the price even lower to a zone of $0.35 to $0.37.
Egrag remains hopeful that the downward trajectory can be circumvented if the Bulls muster enough strength to propel the price above the range of $0.58 to $0.63.
Staying the Course
While the crypto market remains highly unpredictable, Egrag Crypto serves as a beacon of insight for the XRP community, providing regular updates and valuable insights.
I’ll remain here, relying on God’s Will and my skills, unwavering like a rock.
As of the time of this report, XRP is currently trading at $0.469, making Egrag’s predicted surge to $15 an astonishing prospect.
Credit: Source link
