😱#Ripple : XRP Has 7,000% Explosion Potential According to Analysts
A recent tweet by analyst EGRAG Crypto highlighted the possibility of a significant rise in the price chart of #XRP Although it may seem complicated at first glance, a closer look reveals signs of a potential pump of 7,000%.
Looking at the two-week candles, XRP currently looks stuck between 21 EMA and 55 MA. Dec. while there is a downside risk of 0.45c, it is vital to manage to close decisively above the 0.60c resistance.
According to EGRAG, achieving this means exceeding 21 EMAS in a two-week time frame. Therefore, it can lay the groundwork for a meaningful "mega-move", that is, a break of the kind that occurs only once in a lifetime.
What can increase XRP?
Many factors make this possible. Firstly, exceeding 0.60c will complete the formation of a significant "W" dip in the price. Secondly, it will terminate a rising triangle that marks the accumulation.
This move alone can increase XRP by 500% from today's values. However, the analyst suggests that this breakdown is only the beginning of a 7000% boom that will occur over the years if the right conditions are provided.
The logic here is that when a meaningful benefit is achieved for Ripple and XRP, the network activity should logically increase the accumulation of value over decades due to adoption. Previous benefit-oriented breakouts in crypto, such as Ethereum, are already showing this book of tactics.
Therefore, if the set technical levels are sufficiently exceeded in the coming weeks, a violent recovery towards the all-time highs initially seems likely. According to EGRAG, the main opportunity lies in the utility-backed hyper-rally, which could potentially gain up to 7000% from this new baseline.
Although such a staggering figure may seem too high for most people, the analysis highlights how XRP is currently in a unique position for this scenario to happen. Although many investors are frustrated after years of slow movement, this may be the calm before the storm.
