“For now the price is neutral & the choosing point of direction is between 0.357- 0.381.”
Egrag, a beleaguered technical analyst and XRP proponent, took a closer look at the sixth-largest cryptocurrency by market capitalization and spotted a considerable yet conditional bullish scenario compounded by a series of historical patterns. Observing these past cycles, denominated Cycle A (from December 2014 to January 2018) and Cycle B (running from November 2020 to April 2021), he projected a possibly 482% increase or even an unprecedented 51,000% to $3.3 and/or $250 respectively. Embarking from the middle of the Gaussian Channel equal to the current $0.41 mark, if XRP does not veer off path lower than $0.33, the culmination of Cycle B might befall at the max value $3.3 as foreseen. As suggested otherwise, by aping Cycle A, cryptocurrencies prognosis could skyrocket to a record $250. A statement drafted post-analysis by the noted XRP enthusiast broaching factors like uncertainty inherent to investments and individual choice of endorsement was initiated in flourish as follows:
“For now the price is neutral & the choosing point of direction is between 0.357- 0.381.”
Henceforth, XRP optimistic ponder that, while examining the paradigm between these two distinct cycles a great peak might elevate XRP prices lofty into new vantage heights. To find out, get eavesdropped onto what transpires next!
