EGRAG CRYPTO (@egragcrypto), a well-known analyst in the cryptocurrency community, recently shared an ambitious projection for XRP’s price movement over the next two months.
According to his analysis, XRP could reach $18 by December 2024 and an extraordinary $150 by January 2025. These predictions are based on historical price patterns and aim to provide a framework for investors looking to make the most from their investment in the digital asset.
Historical Comparisons and Key Projections
EGRAG CRYPTO’s analysis examines XRP’s performance during past bull markets. The projection is segmented into three key phases, represented by distinct candles on the chart.
November 2024 – The Yellow Candle: XRP surged 300% in November. The analyst noted that this move closely mirrors the 328% surge observed in November 2017. This surge helped XRP reclaim the $2 level as experts predicted, and this has set the stage for December’s anticipated price movements.
December 2024 – The Green Candle: EGRAG CRYPTO predicts that XRP could experience an 830% increase in December, pushing the price to $18. This is aligned with historical data from 2017 when a similar candle displayed extreme volatility, including a 60% price drop within the same month. Investors are cautioned to prepare for such fluctuations if this scenario unfolds.
January 2025 – The White Candle: The analyst suggests a 713% surge in January, potentially driving XRP’s price to $150. This forecast is grounded in past patterns observed during the 2017 bull run when XRP exhibited exponential growth in the early stages of the year to hit its all-time high of $3.84.
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The Purple Candle and Considerations for the Coming Surge
EGRAG CRYPTO deliberately excluded the fourth candle, represented in purple, to maintain a conservative outlook. The purple candle in 2017 was the final push that sent the digital asset to its all-time high, and EGRAG CRYPTO’s analysis shows that the digital asset will climb far above $150 with this candle.
While the projections are compelling, EGRAG CRYPTO stresses the importance of approaching them as a framework rather than a certainty. The cryptocurrency market is notoriously volatile, and he noted that although the possibilities for XRP are endless, there are also risks.
Whales and institutional investors are already accumulating tokens in anticipation of this bull run. EGRAG CRYPTO advises investors to focus on strategy, position themselves wisely, and prepare for bulls and bears. The unpredictable market requires a steady mindset and a disciplined approach to risk management.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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