#XRPRealityCheck #XRPPredictions $XRP

A renowned analyst has disclosed that the ongoing consolidation phase of XRP could end next month, marking the beginning of a new rally.

Another analyst has predicted that a $2000 investment in XRP could generate a profit of $50,000 by the end of the year.

A popular crypto analyst identified as Egrag Crypto has pointed out the formation of a large symmetrical triangle on the XRP’s monthly time frame. According to him, the asset has been in the consolidation phase for 334 days, moving within the range of $2.0 and $2.4. Based on the analysis, the consolidation phase could end soon. After this, XRP could embark on an explosive run by mid-September.

However, the asset has to make a decisive move above the $2.2 level and subsequently break the $2.4 resistance point to validate this upsurge.

Source: TradingView