Atlas

In a strikingly optimistic forecast amidst favorable market conditions, cryptocurrency analyst and trader Edrag Crypto, has <a href="https://x.com/egragcrypto/status/1794996637418299677" target="_blank" rel="noopener nofollow">provided</a> a bullish review for XRP, predicting that a massive run for the digital asset could be on the horizon. 
The analysis explores a confluence of positive market indicators and trends that demonstrates the potential for XRP to attract significant price surges and gains, positioning the coin as a promising asset in the ever-evolving world of cryptocurrency. 
Edrag Crypto’s bullish prediction for XRP is based on a Genuine Wake-Up line previously introduced by the expert, divided into two distinct sections, such as <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-consolidates-0-5120/" target="_blank" rel="noopener ">Break-out</a> and Atlas Line. 
<h2 id="xrp-poised-for-substantial-growth">XRP Poised For Substantial Growth</h2> 
The analyst has expressed that while this wake-up line saw a successful breakout last year, it could not reach the heights anticipated by the analyst then. “Many moons back, I introduced the ‘Final Wake Up Line,’ which saw a breakout in July 2023. Yet, it didn’t quite soar to the heights we hoped for,” he stated. 
However, Edrag Crypto spotted a new development on XRP’s chart two weeks ago, which he indicated as a white triangle. According to the analyst, highs from 2021 are being incorporated into the white triangle.&nbsp; 
At that time, for XRP to witness a complete upward swing, it needed to break through the Genuine wake-up line with absolute conviction and then retest. Consequently, Edrag Crypto urged the community to remain firm, putting his wave 1 target at $7.5 and wave 3 at a 3-digit target, within the Macro wave 3. 
Presently, addressing the break-out aspect, the analyst has noted that the white triangle break-out is in perfect alignment with the Fibonacci 0.702 – 0.786 levels and his previous charts. It is expected that the measured move will be between $1.2 and $1.5, while the crucial break-out point is closer to <a href="https://www.newsbtc.com/news/xrp-social-buzz-points-to-0-70-but-technicals-predict-dip-to-0-50-first/" target="_blank" rel="noopener ">$0.70</a> or $0.75. 
<img loading="lazy" decoding="async" class="size-medium wp-image-610028" src="https://www.newsbtc.com/wp-content/uploads/2024/05/Edrag-Crypto-XRP-Chart.jpg?w=460&amp;resize=460%2C191" alt="XRP" width="460" height="191" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/Edrag-Crypto-XRP-Chart.jpg?w=1814 1814w, https://www.newsbtc.com/wp-content/uploads/2024/05/Edrag-Crypto-XRP-Chart.jpg?w=460&amp;resize=460%2C191 460w, https://www.newsbtc.com/wp-content/uploads/2024/05/Edrag-Crypto-XRP-Chart.jpg?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/05/Edrag-Crypto-XRP-Chart.jpg?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/05/Edrag-Crypto-XRP-Chart.jpg?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/05/Edrag-Crypto-XRP-Chart.jpg?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/05/Edrag-Crypto-XRP-Chart.jpg?w=1140 1140w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
Due to this, Egrag Crypto affirms that XRP will see a breakout from the point in the upcoming weeks. Despite the possibility of a <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-risk-0-500/" target="_blank" rel="noopener ">retest</a> of the breakout, the expert believes that a mega run for the crypto asset is imminent. 
<h2 id="the-atlas-line">The Atlas Line</h2> 
Delving into the Atlas Line aspect, Egrag Crypto underscored XRP’s resilience in this area. According to the analyst, the asset is dominating the atlas line with a solid grip like a boss. 
He further pointed out a quick timeframe analysis revealing resistance at $0.5777, support at $0.5000, and a break-out point at $0.6799. Edrag Crypto’s prognosis has captured investors’ and enthusiasts’ attention alike, as they closely monitor these developments. 
At the time of writing, <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-break-out-0-520/" target="_blank" rel="noopener ">XRP</a> was trading at $0.5284, indicating a 3% rise in the past week. While its market cap has reduced by about 1.28%, its trading volume has seen positive movement of more than 36% in the past day. 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/DEgbhdwP/" alt="XRP" width="2283" height="1265">

XRP Bullish Outlook: Analyst Predicts Mega Run On The Horizon

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Інші статті, опубліковані 27 трав. 2024 р.

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