Distinguished crypto analyst EGRAG CRYPTO (@egragcrypto) has revealed a daring prediction for XRP’s future, outlining a technical sample dubbed the “Big Cup” that would propel the asset from its present $0.5295 value level to a staggering $27.
This evaluation, first presented in November 2023, hinges on XRP’s value motion since its 2018 all-time excessive.
The “Big Cup” metaphor arises from the chart formation. From the height in January 2018, XRP plunged to a low of $0.11 in March 2020, carving out the steep left aspect of the cup.
The next rally, now forming the cup’s proper aspect, has but to decisively breach the resistance line EGRAG CRYPTO calls the “Stratosphere.” This descending trendline, coinciding with the Fibonacci 0.702 degree at $1.2, has acted as a formidable barrier for almost six years.
EGRAG CRYPTO provides immense significance to this $1.2 threshold, dubbing it the “Valhalla Gateway.” If XRP conquers this essential degree, a breakout above the Stratosphere will unlock the trail to “Valhalla,” signifying explosive value features.
His evaluation tasks a transparent roadmap, starting with a surge to $1.6, adopted by a reclamation of the $3.84 all-time excessive, and additional ascension to $7.5 as a brand new all-time excessive.
Nonetheless, like many of his previous predictions, his goal extends even past these spectacular value ranges. He envisions a parabolic situation, with XRP reaching $13 and in the end culminating in a value explosion up to $27. This audacious prediction aligns with EGRAG’s long-held conviction in XRP’s potential to attain this lofty value level.
Regardless of the bullish outlook, near-term uncertainties stay. XRP remains to be topic to market volatility. It has surged 1.81% over the previous 24 hours thanks to Bitcoin’s latest rebound. Nonetheless, there may be nonetheless some uncertainty concerning the market’s course.
EGRAG CRYPTO emphasizes the significance of holding the $0.55 assist degree, highlighting the chance of a drop under $0.50 on a weekly shut. However XRP nonetheless has the duty of reaching $0.55.
Even on this unsure setting, the chartist maintains an unwavering deal with the larger image. He identifies a decrease trendline, dubbed the “Atlas Line” at $0.43, as a possible security internet ought to XRP expertise an additional dip.
Nonetheless, his evaluation reveals the facility of the “Big Cup” sample, suggesting that any short-term setbacks are merely stepping stones on the trail to XRP’s eventual $27 Valhalla.
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