Summary
- Analyst Egrag Crypto predicted that XRP could rise up to $46 if past cycles repeat.
- XRP has fallen below the Exponential Moving Average (EMA) and could surge up to 430%.
- Currently, XRP is trading at $2.32 on Binance, and if the price maintains above $2, an uptrend could begin.
A positive analysis on XRP has emerged.
According to NewsBTC on the 27th (Korean time), cryptocurrency analyst Egrag Crypto predicted that "if past cycles repeat, XRP could rise up to $46."
Egrag Crypto focused on XRP's movements when it broke away from the Exponential Moving Average (EMA) in past cycles. He stated, "Currently, in Cycle 3, XRP has fallen below the EMA and could surge up to 430%," adding, "If the price maintains above $2, an uptrend could soon begin."
He also added, "If XRP replicates the cycles of 2017 and 2021, it could soar up to $46 and $27, respectively."
Meanwhile, as of 7:20 AM on this day, XRP is trading at $2.32 on Binance, down 0.19% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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