The past week has been characterized by bullish predictions for the XRP price and the crypto analysts are far from done. The latest prediction has painted an incredibly bullish picture for the cryptocurrency, putting it at a double-digit price on the back of an expected parabolic rise.
XRP Price To Surge By 2,500%
In an unexpected prediction post made on X (formerly Twitter), a pseudonymous crypto analyst known as EGRAG CRYTPO is seeing big moves for the XRP price. The post featured a chart that showed the cryptocurrency forming a rather distinctive triangle pattern.
Now, according to this post, this pattern is important because of what happened the last time it appeared. As EGRAG’s chart points out, the same pattern that has formed over the last four years is almost identical to that seen between 2014-2018.
#XRP Only 2500%:
If you can’t see the incredible potential of #XRP in the chart below, especially when breaking through MYTL, then I’m afraid there’s little more I can do to convince you.#XRPArmy STAY STEADY and do not forget that we have clarity for GOD’s sake. pic.twitter.com/S1097h4ujS
— EGRAG CRYPTO (@egragcrypto) September 12, 2023
Once this pattern had formed completely last time, the XRP price saw an impressive rally, going from around $0.005 to over $1.2. This time around, the analyst believes that if this pattern repeats, then the XRP price could see a parabolic rally that could bring its price above $10.
Furthermore, if the XRP price were to follow the forecast as was previously s
Go to Source to See Full Article
Author: Scott Matherson
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
