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Crypto-analyst Egrag Crypto We predicted a potentially imminent macro channel breakout for XRP. Analysts have shown that if this breakout is unfolded as expected, Altcoin can reach double digits.
XRP Price Eyes are concentrated at $55 with potential macro channel breakouts
in xPostEgrag Crypto said it increased the likelihood of a macro channel breakout for XRP prices, and that measured moves point to a potential high of $55. He said he was looking at a $27 goal, but he showed it. Altcoin It appears to have reached $55, so this move could surpass this price level.
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This super-fad prediction was born, as analysts revealed. XRP Price It is currently in candle number 5. He said that if history is a guide, market participants should be looking at the monthly candles. If XRP follows the same pattern, analysts have confirmed that the $17 goal is definitely working.
In another X-post, Egrag Crypto once again predicted that XRP prices could reach at least $27 in this market cycle. He said he is increasingly confident that XRP is mirroring. 2017 Bull Run,Timing may be delayed or accelerated. Analysts predicted that Altcoin will reach double digits by the end of Wave 3 this summer.
Meanwhile, he believes Wave 4 will unfold over the next three years and the bear market will continue after that, and then XRP will price in triple digits on the next bull run. Egrag Crypto is confident that XRP can reach $120 when that time comes. In the meantime, XRP is still fighting to surpass key resistance levels.
Bull pennants formed on weekly charts
In X’s post, Crypto analyst XRPunkie Bull Pennant It was formed on the weekly chart at XRP prices. He said this bullish pattern is ready for a breakout when XRP completes its final pullback between $1.80 and $2. Analysts added that the bull pennant’s technical target is between $13 and $14. Xrpunkie warned that there would be more pullbacks along the way for $14, so investors advised to try and secure profits.
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Crypto-analyst Ali Martinez This indicates that the short-term XRP price target is between $2.70 and $2.90. In X-Post, he said Altcoin appears to be escaping from the reverse head and shoulder pattern with potential upward targets for these price levels.
At the time of writing, the XRP price is trading for around $2.2. data From CoinMarketCap.
Featured images of Pexels, charts on tradingView.com
