Crypto _ Newss 1Taha
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Date: May 1, 2025
New analysis predicts a price explosion for $XRP that could reach $55!
Renowned analyst EGRAG Crypto indicates that the XRP token is nearing a critical phase that may lead to significant upcoming highs. According to his technical analysis, the coin is preparing for an important breakout in the macroeconomic channel, which could push the price to $17 in the near term, and then to $55 later on.
What supports this scenario?
A historical pattern formed by 6 monthly candles seen in 2017 is currently repeating.
During this period, XRP increased 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 decline of 2.58%.
April: Consolidation with a slight increase of 4.84%.
Current price: $2.2.
EGRAG's Forecast:
If the historical pattern repeats, May 2025 could see a massive green candle driving the price to $17, which is an increase of 672%.
Breaking the macro channel at this level could later drive the price to $55, which is an additional increase of 223%.
Summary:
Despite the weak performance in the past months, analysts believe that XRP is gearing up for a historic upward movement. As the technical pattern continues to repeat, the coming months could be crucial for the coin's future.
# #CryptoAnalysis #BinanceAlphaAlert #BTCRebound #StablecoinPayments #AirdropSafetyGuide
New analysis predicts a price explosion for $XRP that could reach $55!
Renowned analyst EGRAG Crypto indicates that the XRP token is nearing a critical phase that may lead to significant upcoming highs. According to his technical analysis, the coin is preparing for an important breakout in the macroeconomic channel, which could push the price to $17 in the near term, and then to $55 later on.
What supports this scenario?
A historical pattern formed by 6 monthly candles seen in 2017 is currently repeating.
During this period, XRP increased 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 decline of 2.58%.
April: Consolidation with a slight increase of 4.84%.
Current price: $2.2.
EGRAG's Forecast:
If the historical pattern repeats, May 2025 could see a massive green candle driving the price to $17, which is an increase of 672%.
Breaking the macro channel at this level could later drive the price to $55, which is an additional increase of 223%.
Summary:
Despite the weak performance in the past months, analysts believe that XRP is gearing up for a historic upward movement. As the technical pattern continues to repeat, the coming months could be crucial for the coin's future.
# #CryptoAnalysis #BinanceAlphaAlert #BTCRebound #StablecoinPayments #AirdropSafetyGuide
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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