Will XRP Price Explode? A recent prediction suggested that XRP could explode 1700% and reach $8 starting next month. Prominent cryptocurrency analyst Egrag Crypto highlighted the crucial levels that must be reached soon for the price of XRP to achieve an upward rally to reach this price.

In his analysis, the expert noted the importance of XRP closing the next three months candle above the $0.55-$0.58 level in the next 10 days, suggesting that this move will boost the epic bullish trend of the cryptocurrency.

“XRP in the 3 month period showed 2 Hammer Candles before the big pumps: 1) April-June 2016 2) July-September 2017. Right now, XRP needs to close the next 3 months candle above $0.55 -$0.58 in the next 10 days to form another perfect Hammer formation! This will be a powerful Bullish signal, suggesting a Mega Pump is coming! If we get Hammer 2, we expect an increase of around 1700% ($8) from July 2024”, he highlighted.

The expert warned that XRP investors should pay attention to the formation of candles over the next 10 days, which could send the token’s price reaching impressive and unprecedented heights.

“If we need Hammer 1, we may have to wait another 6 months, but the pump will be EPIC, around 5,500%, taking us to $27! Keep an eye on this candle formation over the next 10 days. XRP, STAY FIRM! I’m telling you to stand your ground because you have no other option, or you will regret it for the rest of your life,” she added.

At the time of publication, the price of XRP was quoted at US$0.4962 with an increase of 0.7% in the last 24 hours.

XRP Could Skyrocket 63,000% If This Pattern Repeats

Assessing the current movement of XRP, experts are predicting that the token is about to make a significant rise later this month. Analyst Javon Marks highlighted in a technical analysis shared on June 3 that XRP has been holding a resistance zone for several months, terming it as a “hidden bullish divergence setup.” Marks noted that in 2017 the same pattern triggered a 63,000% price increase in less than a year.

“a$XRP (Ripple) IS HOLDING THE LINE! One of the last times we saw a Hidden Bullish Divergence setup similar to this, prices were up OVER +63,000% in less than ONE YEAR, and we may be here again, right at the breaking point. If XRP hasn’t made a name for itself yet, it looks like it’s about to do so now…” he wrote.

Fellow cryptocurrency analyst Mikybull Crypto highlighted that XRP is currently at a level similar to that seen in 2017 and 2020. “$XRP is currently at a level in 2017 and 2020 that triggered a major recovery. Will this time be different?” I ask.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.

Source: https://portalcripto.com.br/xrp-vai-explodir-1700-previsao-de-xrp-a-us-8-a-partir-de-julho-analise/



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