Recently, EGRAG CRYPTO, a well-known crypto analyst, took to Twitter to share some insights about the future of XRP. Their tweet, which bore the headline “XRP To Surge 1160% Why!!!!!!!” immediately caught the crypto community’s attention.
EGRAG CRYPTO’s analysis delved into percentage moves, particularly focusing on candle pumps that exhibit staggering increases of 300% or more. The analyst honed in on a single candle’s measurement, revealing a detailed breakdown of these impressive moves.
What emerged from this meticulous examination was nothing short of astonishing – an average surge of 1160%. This remarkable prediction suggested that XRP could reach a price of $6.7, neatly nestled within the range of $6.5 to $7. It aligns harmoniously with the Fib 1.618 level at $6.5, adding further weight to the projection.
Five Key Observations To Understand XRP’s Journey
EGRAG CRYPTO’s post built upon a previous insightful analysis from the day before, which had explored a 4-month timeframe. This examination revealed that higher time frames were less susceptible to deceptive signals, providing a more reliable view of the XRP landscape.
The analyst’s observations didn’t stop there. They presented five strategic and profound takeaways from their analysis that could help fuel a deeper understanding of XRP’s journey.
First, they noted the resilience of Zone A’s Steel Foundation, which remained unscathed during the previous brutal Bear market. In contrast, Zone B’s foundation crumbled, highlighting the importance of a robust foundation in weathering market storms.
Second, EGRAG CRYPTO pointed out the action of the Bulls. In June 2022, September 2022, and January 2023, XRP came close to breaching the Steel Foundation, but the Bulls valiantly defended it, painting an exceedingly Bullish picture for the cryptocurrency.
Third, the chart highlighted the 0.80-0.85 cent range as a historical battleground. XRP had never closed a full-bodied Green Candle above this threshold during the Bear market descent, signaling its significance in the crypto landscape.
Fourth, EGRAG CRYPTO suggested an imminent transformation. The next time one witnesses one monthly Green candle closing above 0.83 cents, it would mark the birth of the next Steel Foundation. In simpler terms, it implied that XRP might never again be acquired for less than $1 in one’s lifetime.
Lastly, crypto enthusiasts were urged to brace themselves for the $2 range. In this territory, the FOMO (Fear of Missing Out) phenomenon was poised to ignite like wildfire, potentially driving XRP’s value even higher.