The harbinger of the great rise, which XRP investors were excited about, came. Famous crypto analyst Ekrag Crypto announced that the XRP can reach the highest level of all time in the next 90 to 120 days. Historical data and graphic formations support this rise. So, Is XRP really ready to explode?
Ekrag Crypto: “History repeats, the summit can come in 120 days”
In his sharing, Analyst Ekrag Crypto explained how the XRP moves in past cycles based on RSI data. In 2017 and 2021, the analyst pointed out that XRP made two summits, and the second summits came after 120 and 90 days, respectively. Saying that this situation can be repeated, Ekrag gave the message “Big Opportunity” to investors.
In addition, the analyst, which draws attention to the reverse shoulder-head-omuz formation in the XRP graph, claimed that the price of this technical structure could carry the price of $ 3.7 to 3.9 dollars. According to Ekrag, the closing above the $ 2.24 level can trigger this formation. Currently, XRP is stuck at $ 2.15. However, if this formation occurs, the price is expected to rise strongly in a short time.
Other analysts for XRP agree on the same: “There is no rise before the decline is over”
Another popular analyst Dark Defender draws a more cautious scenario. XRP Elliott Wave structure of the 4th wave correction of the analyst indicating that the analyst, the price can be withdrawn to $ 1.88, he said. However, after this decline, the fifth wave and XRP can rise up to $ 5.8, he added.
According to Dark Defender, this correction approached the end and a new rise period for XRP is very close. Analyst, who previously claimed that the XRP will leave even Bitcoin and Ethereum behind, is still remaining this view. Many investors who see the potential of XRP highly follow this commentary.
Casitrades: “Golden Pocket can be tested, but the rise is close”
Another analysis came from Casitrades. Noting that the XRP has not yet shown a strong positive mismatch in the RSI, the analyst argued that the decline has not yet been fully ended. Casitrades, the price of 0.618 fibonacci level 2.17 dollars or Golden Pocket region can fall up to 2.15 dollars, he said.
However, the analyst said that RSI data gradually started to occur in a positive inconsistency. This shows that sales pressure is reduced and that the XRP may be preparing for a “lift-off” movement.
