‘Super Guppy’ Indicator Shows XRP Is Ready to Surge to $99

Although XRP is currently trading close to half a dollar, several indicators suggest it is on the eve of a potentially massive rally. Of particular note is the "Super Guppy" indicator

Interpretation of Super Guppy indicator

Super Guppy is a lesser-used but powerful technical analysis tool that utilizes multiple exponential moving averages to predict potential breakouts in asset prices. Super Guppy exhibits an alternating bear and bull cycle pattern in XRP price.

Specifically, the indicator shows prices experiencing significant declines (red markers) followed by significant increases (green markers). This cycle of declines and increases reflects potential breakout opportunities in the market. A similar pattern occurred during the bear market phase of 2015-2016, culminating in the bull market of 2017 that drove XRP to its all-time high price. Now, this indicator once again suggests that the bearish phase for XRP is over and a new bull cycle is about to begin.

XRP price targets

EGRAG CRYPTO has set three main price targets for XRP via the Super Guppy indicator:

1. $3.37: This is the first price target, which is close to XRP’s all-time highs and suggests price growth of 470% from current levels.

2. $13.69: The second target is more ambitious, with a 2,220% increase from current price.

3. $99.24: This is the most astonishing target, and XRP could rise 16,748% from its current price, which would be a huge leap.

As of now, XRP is trading at $0.5887, having gained 2.16% in the past 24 hours. If these predictions come true, the price of XRP will take a historic leap and even reach new highs.

XRP could be at the start of an epic bull run. In particular, the forecast of $99.24 has created great expectations in the market. As this bullish signal emerges, investors may want to keep a close eye on where XRP moves next.