EGRAG Crypto, a prominent crypto analyst, has shared their insights on XRP’s potential price trajectory, highlighting the significance of the ‘ATLAS LINE’ in the token’s price action. According to the analyst, the ATLAS LINE has been holding XRP’s price since March 2020, as indicated by nine strong yellow circle touch points on the price chart.
This key support level has been a crucial factor in XRP’s price movement, providing a foundation for potential future gains. As long as XRP maintains its position above the ATLAS LINE, the outlook for the token remains bullish.
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Potential Breakout Scenarios: White and Blue Triangles
EGRAG Crypto has identified two potential breakout scenarios for XRP, represented by the white and blue triangles on the price chart.
White Triangle: $1.5 Target and Beginning of Macro Break-Out
If XRP breaks out to the upside from the white triangle, the analyst predicts a measured move target of $1.5. This price level coincides with the Fibonacci 0.786 retracement level and would mark the beginning of a significant macro break-out for the token.
A successful break above the white triangle resistance could signal the start of a new bullish phase for XRP, attracting more investors and leading to further price appreciation.
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Show more +Blue Triangle: $5.89 Target and Major Pump Potential
The blue triangle represents an even more bullish scenario for XRP. If the token manages to break out from this pattern, EGRAG Crypto predicts a measured move target of $5.89, which coincides with the Fibonacci 1.618 extension level.
This substantial price target would indicate a major pump in XRP’s value, potentially leading to significant gains for investors holding the token. The analyst’s prediction of a $5.89 target is not just a title hook, but a calculated move based on technical analysis and the token’s historical price action.
XRP Army Advised to Stay Steady
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EGRAG Crypto advises the XRP Army, the community of XRP supporters and investors, to remain steady in the face of these potential price movements. The analyst suggests that there is a mini pump to $1.5 and a major pump to $5.89 in the cards for XRP, with the macro pump potentially soaring above two digits.
While these price targets are undoubtedly exciting for XRP holders, it is essential to approach the market with caution and maintain a long-term perspective.
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