🚀 If the XRP you hold might leap from its current price to become a 'new star in the crypto world' at $15 in the near future, how would you feel? Excited yet nervous, fearing you might miss this wealth train? Don't worry, today I'll reveal how this mysterious analyst Egrag Crypto predicts XRP will reach $15 by May 2025!
🔍 Firstly, Egrag Crypto is a well-known crypto analyst on social media, and his words are not without foundation. By performing technical analysis on XRP's weekly chart, he discovered a clear path to $15—this is the perfect combination of Fibonacci and Elliott Wave theories!
📈 The Fibonacci level of 1.618 is a magical number; it suggests that May 5, 2025, could be a key node in XRP's price trajectory. Furthermore, the Elliott Wave theory adds to this, indicating that XRP is currently in the fourth wave (Wave 4), which is the second adjustment phase. Once this phase is completed, the fifth wave (Wave 5) will be a crucial wave to propel XRP's price to new highs!
📊 Speaking of the increase in Wave 5, Egrag Crypto has solid evidence. By examining the price performance of the previous waves, he found that the price increases for Wave 1 and Wave 3 were 63.39% and 570%, respectively. Thus, he used a common principle of Elliott Wave, which states that Wave 5 often equals 61.8% of the total increase of Wave 1 and Wave 3, calculating that Wave 5 will bring about a price increase of approximately 391%, which is a price target of around $15!
🤔 However, you might ask, isn't XRP constantly falling recently? Can it still rise? Don't worry, Egrag Crypto's technical analysis has provided a long-term bullish viewpoint. Although the market may experience short-term corrections, XRP's fundamentals still look bullish and may regain upward momentum at any time!
💡 Looking at historical data, XRP has risen from just a few cents to a peak of $3.84 in 2018. Although there was a subsequent correction, it has consistently remained in the support range around $0.35. Now, XRP is about to break through the $2 mark by the end of the year, which is an unprecedented milestone! Once it breaks through, it means opening the door to higher targets!
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The above content is for informational sharing only and does not constitute any investment advice! Investing carries risks; proceed with caution!
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