The post XRP Path to $17 with Bent Fork, 3,763% Surge Impending: Market Watcher appeared on BitcoinEthereumNews.com.

EGRAG, a well-known pundit in the XRP community, has outlined how XRP could cart its way to $17 in the coming months, pinpointing crucial indicators that would confirm the audacious outlook. In a recent post on X, EGRAG updated one of the lineups of his prediction posts about XRP dubbed “The Bent Fork.” He created this series in June 2023, proposing a $15 target as the ultimate threshold for XRP based on the analysis, though he has since revised the value to $17. In his latest commentary, the analyst spotlighted five factors that could indicate the journey to $17 has commenced.  #XRP : The Bent Fork ($17 & Historical Support) – UPDATE: 🔍 June 2023: We introduced “The Bent Fork Chart.” Here’s the latest scoop: 🎯 New Top Target: $17 🚧 Key Resistance: $1 – both a structural barrier and psychological hurdle. 🏆 All-Time High (ATH): $3.5 – breaking… https://t.co/CAdFw956Ej pic.twitter.com/H8IQ03tCYu — EGRAG CRYPTO (@egragcrypto) July 8, 2024 Indicators to Confirm Road to $17 First, EGRAG stressed the significance of XRP reclaiming the $0.4 region. Notably, XRP first breached below the $0.4 channel on July 5 but has mildly regained its footing. In the last 24 hours, XRP came dangerously close to relapsing to $0.39 again, setting an intraday low of $0.4047. However, XRP trades at $0.44, posting a 2% gain today. Amid this mini recovery, EGRAG noted that the $0.75 threshold is the gatekeeper to confirm the initial phases of XRP’s bull surge. Specifically, the analyst stated that XRP conveniently closing above $0.75 would set the crucial path to reclaim for a new all-time high. Notably, XRP abruptly surged by 20% in mid-March to attain $0.74 amid the broader buoyant market in Q1. Remarkably, XRP’s uptrend on that day was solitary and widely praised, attracting even a bullish sentiment…

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Filed under: News - @ July 10, 2024 10:20 am