- XRP enthusiasts are on high alert as analyst EGRAG CRYPTO signals bullish momentum, predicting a surge to $2 once a crucial monthly threshold is breached.
- Despite the current price of $0.6528, indicators suggest a potential turnaround, with optimism building for a significant XRP rally soon.
In the ever-evolving landscape of cryptocurrency, XRP enthusiasts have recently found themselves on high alert as a prominent analyst, EGRAG CRYPTO, sends a bullish signal that hints at a potential surge for the digital asset.
Despite the current price standing at $0.6528, down 4.32% in the last 24 hours, the analyst’s optimistic outlook suggests a turnaround might be on the horizon, with eyes set on the coveted $2 mark and beyond.
The $1.2 Threshold
EGRAG CRYPTO’s tweet sparked a flurry of excitement within the crypto community, urging XRP followers to closely monitor the charts, particularly the monthly time frame.
#XRP: A Future of Support 📈🚀
— EGRAG CRYPTO (@egragcrypto) December 10, 2023
Cast your eyes upon the chart below, dissecting the monthly timeframe. It's intriguing that #XRP hasn't managed to close a monthly candle above $1.2 yet. We've seen body candles, but a full-body candle hasn't materialized.
However, mark my words:… pic.twitter.com/Ndzi7TTtB2
The analyst highlighted a crucial threshold that XRP has yet to breach – a monthly candle close above $1.2. While noting the existence of body candles, EGRAG CRYPTO emphasized the absence of a full-body candle in this range. The prediction is bold: once XRP achieves a monthly candle close with a full body above $1.2, a substantial surge to $2 is anticipated.
The confidence in this prediction extends further, with the belief that hitting $2 could trigger a massive FOMO (fear of missing out) wave in the market.
Signs of a Turnaround
Despite the recent dip, XRP has seen a noteworthy 5.17% increase in the past seven days, indicating potential resilience and recovery. Analyzing the daily time frame reveals a promising “cup and handle” pattern nearing completion. The relative strength index (RSI) has hit upper resistance, and the moving average convergence divergence (MACD) signals mounting buying pressure. These indicators align to paint a picture of bullish sentiment, with expectations of a positive weekly trade closure.
As the end of the year approaches, market participants anticipate a rise in trading volume, a factor that could further bolster XRP’s price. Analysts like EGRAG CRYPTO believe that a slight push from current levels could set the stage for the much-anticipated surge.
Looking Ahead- Potential Milestones and Targets
The growing optimism within the XRP community is not unwarranted. Many eyes are on the next targets, with a speculative rise toward $0.74 and $0.8 by the close of 2023. Beyond that, the journey toward $0.94 is expected, paving the way for a breakthrough beyond the significant $1 milestone in the early days of 2024.
In conclusion, XRP enthusiasts find themselves in a state of anticipation, eagerly awaiting potential developments that could mark a resurgence in XRP’s market performance in the coming months. As the crypto community braces for what lies ahead, the $2 target looms large on the horizon, promising an exciting journey for XRP bulls.
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