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Whales Accumulate XRP: Are They Betting on This Bullish Chart Signal?
XRP symmetrical triangle breakout could target $30
The prediction draws parallels to XRP’s 2,600% increase during the 2017 bull run
XRP’s price increased by roughly 10% in the last 24 hours
A cryptocurrency analyst by the name of Egrag Crypto shared an analysis on X showcasing XRP’s price potential. They highlighted a symmetrical triangle pattern on XRP’s chart, suggesting that a breakout could lead to a big price surge, potentially reaching even $30. While it seems overly optimistic, this projection draws parallels to XRP’s remarkable 2,600% increase during the 2017 bull run.
Should the price retrace to the triangle’s edge from the $1.20 level, the analyst says that reaching $30 becomes a possibility.
Egrag’s analysis aligns with observations from other market analysts who have identified similar patterns in XRP’s price movements in the past. For instance, last month, Ali Martinez shared a video showing XRP breaking out of a multi-year symmetrical triangle (formed since 2018), suggesting a potential surge towards $15.
This isn’t the only time Egrag had comparable analysis concerning XRP lately, and so far, we’re yet to see if they turn out t…
The post Whales Accumulate XRP: Are They Betting on This Bullish Chart Signal? appeared first on Coin Edition.
The prediction draws parallels to XRP’s 2,600% increase during the 2017 bull run
XRP’s price increased by roughly 10% in the last 24 hours
A cryptocurrency analyst by the name of Egrag Crypto shared an analysis on X showcasing XRP’s price potential. They highlighted a symmetrical triangle pattern on XRP’s chart, suggesting that a breakout could lead to a big price surge, potentially reaching even $30. While it seems overly optimistic, this projection draws parallels to XRP’s remarkable 2,600% increase during the 2017 bull run.
Should the price retrace to the triangle’s edge from the $1.20 level, the analyst says that reaching $30 becomes a possibility.
Egrag’s analysis aligns with observations from other market analysts who have identified similar patterns in XRP’s price movements in the past. For instance, last month, Ali Martinez shared a video showing XRP breaking out of a multi-year symmetrical triangle (formed since 2018), suggesting a potential surge towards $15.
This isn’t the only time Egrag had comparable analysis concerning XRP lately, and so far, we’re yet to see if they turn out t…
The post Whales Accumulate XRP: Are They Betting on This Bullish Chart Signal? appeared first on Coin Edition.
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