The post Top Market Watcher Says Calculated Move is Driving XRP by 1,066% to $5.89 appeared on BitcoinEthereumNews.com.

Prominent analyst EGRAG believes that a calculated move could be driving XRP to $5.89 much sooner than the community realizes. EGRAG voiced this view in a recent post on X in line with his continuous updates about XRP’s outlook for the season. He first identified an ascending trendline on XRP’s historical chart, denoted the “ATLAS LINE,” which he noted has held true since March 2020. The ATLAS LINE notably intersects with the lowest price points of XRP over the past four years. Remarkably, each intersection has often been followed by a significant bullish run for XRP. EGRAG’s analysis points to nine such occurrences since March 2020. A prime example was January 4, 2021, when XRP crashed to $0.226 after a bull frenzy that had taken the asset to $0.6922 two months earlier. However, the fall was followed by a more enduring uptrend that propelled XRP to $1.96 by April 2021. Other instances of this occurrence are denoted by yellow circles in EGRAG’s chart. #XRP $5.89 Not Title Hook, But Calculated Move🪝 ATLAS LINE:The ‘ATLAS LINE’ has been a holding #XRP Price since March 2020, as indicated by the 9 strong Yellow circle touch points. 🟡 ⬜ White Triangle: If #XRP breaks out to the upside, then $1.5 is the measured move,… pic.twitter.com/2a9gk1Vaj1 — EGRAG CRYPTO (@egragcrypto) May 7, 2024   Emphatically, the nine yellow circles that EGRAG identified form an ascending parallel pattern. This pattern aligns with a descending parallel that EGRAG called the “final wake-up line.” Together, these two parallels form a large triangular configuration on XRP’s chart, which EGRAG has shaded in blue. – Advertisement – XRP Calculated Move to $5.89 According to the analyst, the breakout from the blue triangle’s measured move could drive XRP’s price to $5.89. Interestingly, EGRAG arrived at the $5.89 price target for…

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Filed under: News - @ May 20, 2024 5:28 am