A prominent crypto analyst, EGRAG CRYPTO, has shared a bold projection for XRP, pointing to a possible price target range of $17 to $55.
A crypto analyst known as EGRAG CRYPTO has shared a projection for Ripple (XRP) that could see the token surging to $17–$55.
In a recent post, the analyst highlighted that XRP is currently in “Candle number 5” of a recurring historical pattern. This pattern could be setting the stage for a “MEGA Monthly Candle.”
EGRAG notes that this pattern, previously seen on the XRP chart, has been followed by substantial upward moves. As the structure of the MACRO Channel — a long-term trend framework — indicates, this breakout could send XRP to highs of $55.
However, the analyst has a more conservative personal target of $27, with plans to scale out gradually as the token climbs.
Support for the projection comes from the breakout above the MACRO Channel and alignment with the 21 EMA (Exponential Moving Average), a level that has been crucial in prior cycles.
The analyst adds: “We are breaking out of the MACRO CHANNEL and hitting the 21 EMA.”
With XRP currently trading considerably lower than the forecasted levels, this projection has generated interest among members of the #XRPFamily. However, the realization of this prediction depends on sustained bullish momentum and broader market developments.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
