XRP is about to hit a crucial moment in its market. This guy identified a recurring signal that has predicted brutal price movements, both up and down!
Egrag breaks it down into three phases, marked by colored circles on the XRP chart, like a guessing game! 🕵️♂️
Purple Circle (The good one! 💜): This circle marks the beginning of each official bullish trend in previous market cycles. When it appears, it's a sign that the price is going to shoot up and stay that way for a while! Get ready for the party! 🎉
Red Circle (The alert one! 🚨): This is when things get ugly. It indicates a bearish crossover, where the 21-week EMA (an average line) goes below the 33-week SMA (another average line) on the weekly chart. Egrag says this usually brings a sudden drop, followed by a small bounce that ultimately deflates and confirms that we are in a bear market. Watch out for this one! 😱
White Circle (The rarity that makes you rich! 🤍): This is the circle we all want to see! It refers to that rare occasion when the 21-week EMA avoids falling below the 33-week SMA. According to Egrag, this has only happened once in XRP's history and it was crazy! Want to know how much it went up? 1200%! Yes, you read that right, twelve hundred percent! 🚀🤑
The analyst suggests that XRP could be about to enter a phase similar to the one that caused that epic 1200% surge. Can you imagine the faces of those who were there? But beware, because Egrag is an old sea wolf and warns that the market might give us one last bullish push, the kind that makes you feel like you're the king of the world, before things turn around. It's like that euphoria before the hangover, you know what I mean? 🥴
Egrag also gives us a friendly piece of advice: we need to be realistic! If you're not loaded with cash, it's good to think about taking profits instead of believing the party will last forever. Let's not be greedy, folks!
What are the numbers to dream about? Grab paper and pencil! ✍️
Based on these historical patterns, Egrag gives us some projections to get an idea:
If that complete 1200% surge from the current price of $2.24, XRP could reach $27! Almost nothing! 🤯
If the gain is 600%, the price would go to $13. Not bad!
And if it's a more modest movement, like 300% (which is a quarter of XRP's surge in 2017), it would put it at around $6.70! That's also good talk! 🤑
Although all this is pure speculation (because in crypto you never know!), Egrag's analysis gives us a roadmap to see what's in store for XRP this cycle. The next time those average lines cross or touch, it could be the moment of truth for XRP! Is it going up or down? Stay alert!
Folks, this is more exciting than a championship final! What do you think will happen with XRP? Leave me your bets!$XRP