- XRP poised for breakout, Egrag Crypto predicts explosive 4-6 weeks.
- Historic price surges suggest XRP could surge past resistance levels.
- Consolidation phase signals potential rally for XRP in coming weeks.
XRP investors are bracing for a potential major shift in the coming weeks, according to crypto analyst Egrag Crypto. In a bold prediction, Egrag Crypto suggests that XRP could “melt faces” within the next 4-6 weeks, forecasting a massive price surge similar to past rallies in 2017 and 2021.
Historical Patterns and Market Behavior
XRP has recently faced a period of sideways movement, causing frustration among traders. Some have even started to turn bearish, fearing the asset might struggle to regain its bullish momentum. However, Egrag Crypto believes this consolidation phase is typical before significant breakouts.
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He draws attention to the 2017 and 2021 surges, where XRP saw dramatic price increases, reaching levels between $10 and $37. According to the analyst, XRP is now at a similar crossroads, and the pattern suggests a breakout could soon be on the horizon.
The chart shared by Egrag Crypto highlights resistance zones in the price action, particularly at the blue and green levels. These levels have kept XRP from pushing higher, but the analyst remains confident that once these barriers are broken, a sharp upward move is likely. Egrag Crypto sees this as a “test of faith” for XRP bulls, urging them to stay the course despite the market’s volatility.
Source: Egrag Crypto/X
The Path Ahead for XRP
Looking ahead, the coming 4-6 weeks could be a pivotal period for XRP. Egrag Crypto emphasizes that major surges often follow consolidation phases in the crypto market. With key resistance levels in sight, XRP could experience a rapid rise, catching many traders by surprise.
The analyst advises against selling out of frustration, stressing the importance of long-term patience for those who believe in XRP’s potential.
For XRP holders, maintaining confidence in the asset’s future performance seems essential. The chart analysis suggests that breaking through the current resistance could trigger a significant rally, similar to what has been seen in past years.
The prediction made by Egrag Crypto aligns with the historical behavior of XRP, offering a hopeful outlook for the asset’s future. With many traders now questioning whether to hold or sell, the next few weeks will be crucial in determining whether XRP will once again “melt faces” with a powerful price surge.
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