Analysts Predict XRP ‘Mega Pump’ And ‘Perpetual Cycle’ – Details
Crypto analysts have XRP under the lens, as the altcoin has been consolidating for over 500 days. Well-known XRP figure Edward Farina recently predicted that the coin will be on a “perpetual cycle.” Farina had this to say during the Istanbul Blockchain Week, with many believing XRP will enter into its biggest bull cycle despite the currently unstable market conditions. He has called on investors to enjoy the current situation while prices are low. Related Reading: Major Bitcoin Addresses See 5% Holding Boost – What’s Driving The Accumulation? Another crypto analyst, Egrag, shares his technical examination of XRP’s price movement in support of Farina’s optimism: The token’s recent resurgence within a key support and resistance levels, particularly $0.3931, signifies a very robust support zone. This particular movement of XRP has consolidated for over one and half years, which he thinks could be considered the accumulation that must be formed prior to a massive breakout. Egrag’s chart reveals that the bullish targets could be located at $0.739, $0.924, and may even be as high as $1.469. #XRP 540 Days Ranging Since March 13th, 2024!
Crypto analysts have XRP under the lens, as the altcoin has been consolidating for over 500 days. Well-known XRP figure Edward Farina recently predicted that the coin will be on a “perpetual cycle.”
Farina had this to say during the Istanbul Blockchain Week, with many believing XRP will enter into its biggest bull cycle despite the currently unstable market conditions. He has called on investors to enjoy the current situation while prices are low.
Another crypto analyst, Egrag, shares his technical examination of XRP’s price movement in support of Farina’s optimism: The token’s recent resurgence within a key support and resistance levels, particularly $0.3931, signifies a very robust support zone.
This particular movement of XRP has consolidated for over one and half years, which he thinks could be considered the accumulation that must be formed prior to a massive breakout. Egrag’s chart reveals that the bullish targets could be located at $0.739, $0.924, and may even be as high as $1.469.
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