World

Giant

Read

Gains

<ul>
 <li>Ergag Crypto predicts significant XRP gains, citing a promising giant cup formation.</li>
 <li>Bullish targets include $1.6 and $7.5, emphasizing simplicity in analysis.</li>
 <li>XRP maintains support at $0.55, focusing on the bigger upward picture.</li>
</ul>
Renowned XRP investor and price analyst <a href="https://twitter.com/egragcrypto" target="_blank" rel="noopener noreferrer nofollow">Ergag Crypto</a> recently shared an insightful chart analysis, predicting significant gains for <a href="https://ripple.com/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a>‘s XRP. In his latest update, he highlights a giant cup formation, signaling a potential pump in the near future.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> Giant Cup (UPDATE) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30c.png" alt="🌌" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">: For a clearer picture, check out the post from November 6, 2023 <a href="https://t.co/Sy20On0aw6" rel="noopener noreferrer nofollow">https://t.co/Sy20On0aw6</a> WHAT'S HAPPENING NOW WITH THE GIANT CUP: First and foremost, my bullish targets remain unchanged. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> $1.2 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> $1.6 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24ATH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ATH</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> $7.5 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> $13 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> $27 Second, I… <a href="https://t.co/USFFeZ3z0z" rel="noopener noreferrer nofollow">pic.twitter.com/USFFeZ3z0z</a>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1747184851667570755?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 16, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
According to the charts shared on his post on TwitterX, the current state of the asset shoes the formation of the Giant Cup pattern. Using this, Ergag Crypto reaffirms his bullish targets, maintaining the following price objectives.&nbsp;
Firstly he says the value of XRP will move to $1.2 and then to $1.6 which will be followed by the asset setting a new all-time high. Once this is achieved he claims the asset will continue to rise in price value until it goes from $7.5 to $13 to finally $27.
Delving into past charts, Ergag Crypto emphasizes the importance of analyzing price behavior independent of broader market trends, providing valuable context for his predictions.
He observes that many influential accounts are caught in the “Paralysis of Analysis,” grappling with complex charts and macro analyses. Ergag Crypto advises simplicity, urging followers to focus on essential aspects.
Zooming in on the XRP performance against the Cup edge and the formidable ATLAS Line, Ergag Crypto notes a graceful adherence to the curved structure. Higher lows indicate a positive trajectory.
Identifying the $0.55 level as a significant support, Ergag Crypto expresses confidence that XRP won’t close the weekly candle below $0.50. While the Atlas Line looms at $0.43, his attention remains on the broader picture.
Recently, the analyst made another seemingly <a href="https://cryptonewsland.com/39000-surge-to-220-awaits-xrp-analyst-explains-how/" target="_blank" rel="noopener noreferrer nofollow">drastic prediction of XRP</a>. The community hopes to see the asset fulfill both these predictions. Addressing the XRP Army, Ergag Crypto encourages steadfastness, emphasizing the importance of maintaining focus on the upward targets <a href="https://cryptonewsland.com/xrp-sentiment-plunges-after-bitfinex-scare-but-bullish-turnaround-looms/" target="_blank" rel="noopener noreferrer nofollow">amidst market fluctuations</a>.
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/xrps-cup-handle-pattern-a-bullish-signaling-for-1-05-1-88-targets/" rel="noopener noreferrer nofollow">XRP’s Cup &amp; Handle Pattern: A Bullish Signaling for $1.05 &amp; $1.88 Targets</a></li>
 <li><a href="https://cryptonewsland.com/bc-games-world-cup-carnival-offers-2-1m-and-a-tesla-in-prizes/" rel="noopener noreferrer nofollow">BC.GAME’s World Cup Carnival Offers $2.1M and a Tesla in Prizes</a></li>
 <li><a href="https://cryptonewsland.com/bitcasino-launches-world-cup-campaign-with-raffle-prizes-including-vip-match-tickets/" rel="noopener noreferrer nofollow">Bitcasino Launches World Cup Campaign with Raffle Prizes, including VIP Match Tickets</a></li>
 <li><a href="https://cryptonewsland.com/magnus-carlsen-wins-2022-ftx-crypto-cup/" rel="noopener noreferrer nofollow">Magnus Carlsen wins 2022 FTX Crypto Cup</a></li>
 <li><a href="https://cryptonewsland.com/coinplay-welcomes-world-cup-bettors-with-100-bonus-worth-up-to-5000-usdt/" rel="noopener noreferrer nofollow">Coinplay Welcomes World Cup Bettors With 100% Bonus Worth up to 5,000 USDT</a></li>
</ul>
The post <a href="https://cryptonewsland.com/crypto-analyst-forecasts-massive-gains-for-xrp-with-giant-cup-pattern/" rel="noopener noreferrer nofollow">Crypto Analyst Forecasts Massive Gains for XRP with Giant Cup Pattern</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Crypto Analyst Forecasts Massive Gains for XRP with Giant Cup Pattern

Crypto News Land

Other articles published on Jan 17, 2024

Holders from Hedera (HBAR), Dogecoin (DOGE) and Uniswap (UNI) rush to jump into early stages of P...

Chiliz (CHZ) Market Analysis Amidst Crypto Volatility

Top Ten Crypto Tokens Predicted to Soar in Prices, According to Expert

Federal judge delays SEC trial against Terraform Labs, and co-founder Do Kwon

Solana Gambling | Top 5 Solana Casinos to Play in 2024

Promising Altcoins for 2024 Assessed (NUGX, XAI, BONK, SUI)

Join our free newsletter for daily crypto updates!