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<ul> 
 <li>Renowned chartist spots a reliable inverted hammer pattern on XRP’s 2-month chart, forecasting a $5.5 rally.</li> 
 <li>XRP’s pattern hints at a possible reversal, mirroring past rally trends.</li> 
 <li>XRP’s bullish run aims for an all-time high, silencing skeptics.</li> 
</ul> 
<p><a href="https://twitter.com/egragcrypto?s=20">Famous chartist Egrag’s</a> new XRP prediction has excited the crypto community as he spotted an inverted hammer pattern on XRP’s 2-month chart, hinting at a possible 950% surge to reach an incredible $5.5.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a>: Anticipating Inverted Hammer Formation as 2-Month Candle Closes Tomorrow:<br><br>In just one day, the two-month candle for <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> is set to conclude its pattern, displaying the potential configuration of an inverted hammer formation.<br><br>Over the span of 426 days, <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> has remarkably… <a href="https://t.co/pgPHRAirdl">pic.twitter.com/pgPHRAirdl</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1696777945585525169?ref_src=twsrc%5Etfw">August 30, 2023</a>
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<p>This pattern holds substantial significance, having historically heralded significant price surges. The inverted hammer pattern, which involves a price drop followed by a recovery, signals a possible trend reversal. Egrag notes that this pattern previously triggered a rally in 2021, resulting in XRP’s price reclaiming the $1.9669 mark within four months.</p>    
<p>Drawing comparisons between the present and the past, Egrag predicts that history might repeat itself. As XRP forms another inverted hammer after a two-year gap, the analyst highlights the $0.80 mark as a critical macro resistance level to overcome.&nbsp;</p> 
<p>Egrag envisions an initial target of $2.3, which could be a launching pad for XRP’s trajectory to $3.3. However, the ultimate goal is an impressive $5.5, a threshold that Egrag has dubbed as the “Valhalla” of <a href="https://cryptonewsland.com/xrps-potential-to-jump-from-under-1-to-100/">XRP’s potential</a> price movements.</p> 
<p>At its current price of $0.5238, a surge to $5.5 would necessitate an astonishing 950% increase. If Egrag’s prediction proves accurate, this bullish rally would rewrite XRP’s recent history and silence the doubts and skepticism surrounding the cryptocurrency.&nbsp;</p> 
<p>As the market watches with bated breath, the inverted hammer pattern on XRP’s chart stands as a beacon of hope for investors and enthusiasts alike.</p> 
<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/xrp-holders-anticipate-inverted-hammer-formation-as-2-month-candle-nears-closure/">XRP Holders Anticipate Inverted Hammer Formation as 2-Month Candle Nears Closure</a></li>
 <li><a href="https://cryptonewsland.com/what-top-analyst-says-about-xrps-forthcoming-rally/">What Top Analyst Says About XRP’s Forthcoming Rally</a></li>
 <li><a href="https://cryptonewsland.com/historical-trends-point-to-xrps-impending-rally-are-you-ready/">Historical Trends Point to XRP’s Impending Rally, Are you Ready?</a></li>
 <li><a href="https://cryptonewsland.com/expert-forecasts-mind-blowing-28250-xrp-surge-to-144/">Expert Forecasts Mind-Blowing 28,250% XRP Surge to $144</a></li>
 <li><a href="https://cryptonewsland.com/xrp-price-prediction-35-76-by-july-30th/">XRP Price Prediction: $35.76 by July 30th, Analyst Expects Breakout from Triangular Pattern</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/xrp-predicted-to-skyrocket-by-nearly-1000-to-5-5-expert-identifies-bullish-signal/">XRP Predicted to Skyrocket by Nearly 1000% to $5.5: Expert Identifies Bullish Signal</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Predicted to Skyrocket by Nearly 1000% to $5.5: Expert Identifies Bullish Signal

Crypto News Land

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