XRP is lighting up discussions across the crypto sphere, capturing 4% of all coin chatter following a sharp +45% price rally. This week, it neared $0.74, driven by fervent community excitement and anticipation. The big question now: Can XRP surpass its year-high from March?
Analysts point to FOMO and exchange funding rates, with many watchers focused on Binance’s longs to gauge if momentum will hold. Crypto analyst EGRAG CRYPTO has set bold targets for XRP, declaring Dec. 2024 as a crucial time. He says XRP’s recent breakout to $0.74 signifies a “Genuine Wake-Up Line” move, describing it as a bullish leap.
To keep the momentum, EGRAG highlights that XRP must close above $0.60 weekly, a critical threshold he says confirms the breakout strength. His short-term forecast? A climb to $1.3 or even $1.5 before mid-December, followed by a possible return to key support levels.
Analyst’s bold XRP forecast to $7.5
Reflecting on earlier insights, EGRAG emphasized his long-term outlook. Back in July 2023, XRP broke a previous “Final Wake Up Line” but didn’t achieve the anticipated surge. Now, EGRAG sees a new path, formed by a triangle pattern, with historical highs incorporated.
This time, he sees XRP moving through a “Genuine Wake-Up Line,” with a forecast that includes a $1.5 target within a white triangle and a $7.5 target inside a larger blue triangle—hinting at a bigger “Wave 3” with three-digit targets in sight.
Nevertheless, the XRP community, often referred to as the XRPArmy appears ready for the ride. With eyes set on December and ambitious targets, they’re holding firm as anticipation builds for what many hope could be XRP’s breakout season.
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