XRP Price Chart Signals Potential for 10x Surge
Analyst Reveals Bullish ‘Wake-Up Line’ Formation for XRP
The price of XRP is showing signs of a major move, with analysts predicting a potential surge in three waves—from $0.75 to $1.5, and eventually to $7.5.
As the crypto market undergoes corrections amid heightened geopolitical tensions in the Middle East, analysts are focusing on Bitcoin and altcoin charts. Despite the current market dip, many experts remain optimistic about a bullish Q4, with predictions for Bitcoin (BTC) to rally after the correction, potentially reaching all-time highs (ATH) between $80,000 and $220,000.
Meanwhile, excitement is growing for altcoins, as the anticipated "altseason" gains momentum. Several altcoins, including FET, SUI, and VET, have already started showing bullish patterns, with significant price movements.
XRP Gears Up for a Parabolic Move
XRP is emerging as one of the most bullish altcoins in this cycle. After missing the previous bull run and overcoming its legal battle with the SEC, XRP is now poised for what could be one of the most significant price pumps in this bull market. Crypto analyst Egrag Crypto has shared multiple bullish forecasts for XRP, suggesting that the asset is about to experience a dramatic surge.
In a recent post, Egrag Crypto highlighted the formation of a ‘Genuine Wake-Up Line’ (GWUL) on lower time frames, which shows an ongoing struggle between bullish and bearish forces. Despite the volatility, the wave count appears to favor the bulls.
The analyst expects XRP to break through $0.75 soon, triggering a potential rally with targets of $1.3 to $1.5 in the short term. He also projects a mid-term target between $5.5 and $7.5, with a possible ATH cycle top of $31 for XRP during this bull run.
