XRP has recently captured the attention of investors following a series of bullish predictions from EGRAG CRYPTO (@egragcrypto), a well-known cryptocurrency analyst. In an updated analysis, the analyst highlighted a potential upward trajectory for XRP, supported by technical indicators and recent price movements.
He showed that XRP is on the verge of closing a significant 3-day candle above $2.30, a development he described as a strong bullish signal. The analyst further projects that breaking this level could pave the way for XRP to target $2.62, a critical resistance zone.
If XRP closes above $2.62, EGRAG CRYPTO believes it would confirm the full bullish formation and signal the start of the next upward run.
#XRP – As Expected – Trust The Process:
In just 6 hours, #XRP will close the 3-day candle hopefully above $2.3 – this is a strong bullish signal!
Next target: $2.62!
A close above $2.62 will trigger the full bullish formation and set us up for the next leg up!
… https://t.co/O2U8f6FY8D pic.twitter.com/GZ9ukGpNA2
— EGRAG CRYPTO (@egragcrypto) December 19, 2024
The Road to A New All-time High
In his December 18 analysis, EGRAG CRYPTO set an ambitious short-term price target of $3.288, and he expects it to materialize between December 25 and December 28.
EGRAG CRYPTO’s chart illustrates a clear breakout pattern, with the price action forming an ascending triangle. The outlined trajectory suggests a sustained bullish momentum, provided XRP maintains support above key levels and continues to attract buying interest.
The recent candle movements and the analyst’s commentary suggest that market sentiment is aligned with these predictions, adding weight to the bullish outlook.
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At the time of pr3ess, the digital asset is trading at $2.25 after dipping below $2 a couple of hours ago. This decline saw Bitcoin fall from above $108k to below $100k, and XRP briefly dip below $2. However, the asset is recovering. Experts have also shared bullish predictions, expecting a swift recovery and continued bullish momentum to close the year.
Beyond this, EGRAG CRYPTO envisions a long-term price target of $27 for XRP. This shows the potential for significant gains if the bullish scenario unfolds as predicted. EGRAG CRYPTO has continually reiterated the $27 target and has shared many potential paths for the digital asset to reach this notable target.
2025 is set to be a huge year for XRP, with the potential end of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC), and Donald Trump’s crypto-friendly administration and policies, and I could be the year the digital asset hits the $27 target set by EGRAG CRYPTO.
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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