The most up-to-date XRP price prediction from Egrag Crypto’s most robust cryptocurrency market analyst has spurred a convulsion in the whole market. Recently, in a piece published on X today, the analyst explained how XRP’s price could rise by 1700% in the shortest possible time. The likelihood of the future being very different from the past due to a speculative fire has been fanned by the analyst’s regular bullish announcements about XRP, despite the ripple-backed cryptocurrency being slower than expected. Check out the comments from the analyst below regarding XRP and the vital point that it must fulfill in song with a price of up to 1700% in the future.
Egrag Highlights Bullish Candle
Egrag says that the asset-backed by Ripple has formed a bullish pattern called a “hammer candle formation” during the last three months. Based on the past data between April and June 2017 and between July and September 2017, the analyst believes a bullish trend is inevitable. According to Egrag, XRP should only move beyond the $0.55-—58 mark within ten days, possibly at the end of the next three months. A “perfect hammer formation” thus the analyst reckons that if this happens, it is a prelude to a “mega pump” for XRP.
“Hammer 2” could be another name for the pattern creation, which may mean about a 1,700% increase is possible, according to Egrag’s prediction. Traders and investors will cry happy tears if the 5500% bump comes after six months for XRP, which follows the ‘hammer 1’ pattern. Do you remember a wave three target he predicted for XRP in April? Well, that is not yet the case. However, the lights are still on their business of crypto activities.
XRP Price Soars
Egrag asserts that the asset that Ripple supports has demonstrated a bullish technique called a “hammer candle formation” in the last three months. A review of historical data, mainly from April to June 2016 and July to September 2017, enables the analyst to believe that a bull run is on its way. In his market analysis, he further forecasts that XRP will only need to close higher than $0.55 to $0.58 in the next ten days, presumably by the end of the next three months. The analyst becomes even more optimistic if such a situation arises, thus seeing a “perfect hammer formation” as a trigger of a “mega pump” for XRP.
The generation of the pattern could also look like “hammer 2,” which indicates a massive pump of about 1,700%, per Egrags’s prediction. Traders and investors who may be in for a fascinating development anticipate that after six months, they will get 5500% returns if XRP hits the ‘hammer 1’ pattern. Remember that the same analyst had also predicted last that XRP would hit its $1 wave three targets by April, but that still is not true. On the other hand, crypto fans are still going on with their digital commodity chase.
Also Read: In XRP Price Recovery, Whales Move 52M Coins
FAQs
What is the “hammer candle formation” mentioned in the analysis?
The “hammer candle formation” is a bullish pattern that Egrag believes could indicate a strong upward movement for XRP if confirmed.
What historical data supports the analyst’s bullish outlook for XRP?
Egrag references data from April-June 2016 and July-September 2017 to support the prediction of a potential bull run.
What price level must XRP achieve to confirm a bullish trend?
XRP needs to close above the $0.55–$0.58 range within the next ten days to signal a possible “mega pump,” according to the analysis.
Has Egrag previously made accurate predictions about XRP?
Egrag previously predicted a $1 wave three target for XRP by April, which has not yet materialized, but he remains optimistic about future gains.
