Date: May 1, 2025
New analysis predicts a price explosion for $XRP that could reach $55!
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Renowned analyst EGRAG Crypto indicates that the XRP token is approaching a critical stage that could lead to massive upcoming increases. According to his technical analysis, the token is poised for an important breakout in the macroeconomic channel, which could drive the price to $17 in the near term, and then to $55 later.
What supports this scenario?
A historical pattern consisting of 6 monthly candles observed in 2017 is currently repeating.
During this period, XRP rose by 801% in 3 months, followed by a correction and then a rocket-like surge in December 2017 of 746%.
Recent performance of XRP:
January 2025: Peaked at $3.3 and then began to decline.
February: Lost 29%.
March: Additional decrease of 2.58%.
April: Consolidation with a slight increase of 4.84%.
Current price: $2.2.
EGRAG's predictions:
If the historical pattern repeats, May 2025 could witness a massive green candle driving the price to $17, an increase of 672%.
Breaking the macroeconomic channel at this level could later push the price to $55, an additional rise of 223%.
Summary:
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