EGRAG CRYPTO, a crypto analyst, shared an in-depth analysis of XRP’s price behavior on a monthly timeline. The focus of the analysis is on the power of accumulation zones and their impact on the potential multipliers for XRP’s price.
What you'll learn 👉
The Power of Accumulation Zones
EGRAG CRYPTO identified five key accumulation zones for XRP, each with its own multiplier effect on the price:
- 3 Months Accumulation: 3X Multiplier
- 7 Months Accumulation: 2X Multiplier
- 27 Months Accumulation: 14X Multiplier
- 7 Months Accumulation: 8X Multiplier
The total time spent in these accumulation zones is 44 months, with an average multiplier of 6.75X. The analysis suggests that the longer the consolidation period, the stronger and lengthier the ensuing breakout will be.
Current Accumulation and Future Projections
The current accumulation zone for XRP has been ongoing for 68 months. Based on this, EGRAG CRYPTO presents four assumptions for potential price multipliers:
- Assumption 1: A 27X multiplier from the all-time high (ATH) of $3.3 would result in a price of nearly $90.
- Assumption 2: A 6.75X multiplier from the ATH would result in a price of approximately $22.
- Assumption 3: The lowest multiplier of 2X from the ATH would result in a price of roughly $6.6.
- Assumption 4: The highest multiplier of 14X from the ATH would result in a price of about $46.
Personal Opinion
EGRAG CRYPTO personally believes that the longer the base, the higher the rise. The 27X surge combines all previous multipliers and is expected to be in play for the next bull market. The famous Twitter analyst strongly believes that the next bull market for XRP will mint numerous millionaires within the XRP community.
It’s worth noting that while this analysis provides an interesting perspective, it’s essential to conduct your own research and consult with financial advisors before making any investment decisions.
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