In a strikingly optimistic outlook amid favorable market conditions, cryptocurrency analyst and trader, Crypto, has listed… available Bullish review for XRP, predicts a massive wave of digital assets on the horizon.
The analysis explores a range of positive market indicators and trends that demonstrate XRP's ability to attract significant price increases and gains, positioning the coin as a promising asset in the ever-evolving cryptocurrency world.
Edrag Crypto bullish prediction for XRP is based on the real alert line provided by the expert previously, which is divided into two distinct parts, such as go ahead And the Atlas line.
XRP is poised for significant growth
The analyst expressed that although this wake line saw a successful breakout last year, it was unable to reach the highs that the analyst expected at the time. “Several months ago, I introduced the ‘Final Wake Up Line’, which saw its debut in July 2023. However, it did not rise to the levels we had hoped,” he said.
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However, Edrag Crypto spotted a new development on the XRP chart two weeks ago, which it noted as a white triangle. According to the analyst, the highs from 2021 have merged into the white triangle.
At that time, for XRP to experience a full upward swing, it needed to break through the true wake line with absolute conviction and then retest. Hence, Edrag Crypto urged the community to stay steady, setting the wave 1 target at $7.5 and wave 3 at a 3-digit target, within the overall wave 3.
Currently, when addressing the breakout aspect, the analyst noted that the white triangle breakout corresponds perfectly with the 0.702 – 0.786 Fibonacci levels and his previous charts. The measured move is expected to range between $1.2 and $1.5, while the critical breakout point is closer to $0.70 Or $0.75.
As a result, Egrag Crypto confirms that XRP will see a breakout from the pip in the coming weeks. Although it is possible that A exam REPETITON After the hack, the expert believes that a huge rush for cryptocurrency assets is imminent.
Atlas line
Delving deeper into the Atlas Line side, Egrag Crypto emphasized the flexibility of XRP in this area. According to the analyst, the asset dominates the Atlas line with a firm grip like a boss.
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He also pointed out the quick time frame analysis that reveals resistance at $0.5777, support at $0.5000, and a breakout point at $0.6799. Edrag Crypto predictions have captured the attention of investors and enthusiasts alike, as they closely monitor these developments.
At the time of writing, XRP It traded at $0.5284, indicating a 3% rise in the past week. While its market capitalization decreased by approximately 1.28%, its trading volume witnessed a positive movement of more than 36% in the past day.
Featured image from Shutterstock, chart from Tradingview.com