Prominent market analyst EGRAG Crypto has insisted that even the most optimistic XRP enthusiasts are not bullish enough for what is on the horizon. He shared this in his recent analysis as XRP drops below the $3 support level. Currently priced at $2.98, XRP has failed to maintain bullish momentum, mirroring the trend of Bitcoin and several other major cryptocurrency assets. What Lies Ahead for XRP Is Historic Nonetheless, EGRAG Crypto has assured that what lies ahead for XRP is historical. He noted that even the most bullish bulls are not ready for the explosive price action that is on the cusp for XRP. XRP Analysis/EGRAG Crypto As a result, buying XRP now may still be early, as EGRAG Crypto noted that XRP could rally extensively from here. He compared an XRP dip below $2 to when Bitcoin traded at $200, insisting that those who bought XRP at $2 would become OGs. Moreover, his strategy is simple: buy low and sell high. While many focus on catching short-term XRP price movements, EGRAG Crypto noted that his macro perspective is to acquire more XRP during the dips and resell at much higher targets. Closing Above $3.70 Bullish for XRP Notably, the analyst shared that things would escalate quickly for XRP above $3.70. According to him, a full-body candlestick close above the price mark on the 2-month chart could mark a “space mission moment” for XRP holders. The $3.70 region aligns with an ascending trendline on the chart, which dates back to XRP’s high of $1.96 during the 2021 bull cycle. This resistance has prevented higher prices for XRP since then, with EGRAG Crypto asserting that a break above it could send the token higher. At the current market price of $2.98, this represents a 24% increase to reach the trendline. Meanwhile, although he did not mention possible XRP targets in this commentary, EGRAG’s previous analysis has highlighted potential outcomes. For context, he said last month that XRP will rally to $27, debunking claims that the token would peak at $4 this cycle.
SHIB Price Prediction for September 15
42 min ago
POP Culture Invests in Bitcoin
45 min ago
Bitcoin Price Update: Bitcoin Faces $657M Long Liquidation Risk if $114K Breaks
59 min ago
Solana Price Rally Eyes $284 Despite Local Top Risks Hinting at a Pullback
1 hour ago
Bitcoin price braces for liftoff: Can a Fed’s rate cut spark a $200K rally?
1 hour ago
ENA price dips 6.5% despite fee switch milestone and buyback potential
1 hour ago