XRP Set To Soar Nearly 900% To $31, Analyst Highlights Key Resistance


By PR1ME at Sun, 29 Sep 2024 06:00:03 +0800 | Cryptocurrency Market News |

XRP Set To Soar Nearly 900% To $31, Analyst Highlights Key Resistance

XRP aficionados are ecstatic when market analyst EGRAG predicted an 888% increase in the cryptocurrency’s value. This optimism isn’t just wishful thinking; it’s based on trends seen on XRP’s one-month chart that mirror the cryptocurrency’s rapid success in 2017. As XRP struggles to reclaim prior highs, many traders wonder if this is the beginning of another bull run.

EGRAG’s chart analysis shows that XRP almost touched the red rising support line four times. The pattern is similar to the price movements this currency experienced during the 2017 bull run as XRP popped from a value of $0.003 to a solid $3.31 in January 2018.The repeat of this pattern suggests that XRP may soon embark on a similar course.

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