🚀If the XRP you hold might soon leap from its current price to become a 'new star' in the crypto world at $15, how would you feel? Would you be both excited and nervous, fearing to miss the wealth express? Don't worry, today I will reveal how this mysterious analyst Egrag Crypto predicts that XRP will reach $15 by May 2025!
🔍First of all, Egrag Crypto is a well-known crypto analyst on social media, and his words are not baseless. By performing technical analysis on XRP's weekly chart, he discovered a broad road to $15—that is, the perfect combination of Fibonacci and Elliott Wave theories!
📈The Fibonacci 1.618 level is a magical number, telling us that May 5, 2025, could be a critical point in XRP's price trajectory. The Elliott Wave theory adds to this, indicating that XRP is currently in the fourth wave (Wave 4), which is the second correction phase. Once this phase is completed, the fifth wave (Wave 5) will be the key wave pushing XRP's price to new highs!
📊Speaking of the increase in Wave 5, Egrag Crypto has solid reasoning. By examining the price performance of previous waves, he found that the price increases for Wave 1 and Wave 3 were 63.39% and 570%, respectively. Thus, applying a common principle of Elliott Wave, which states that Wave 5 often equals 61.8% of the total price increases of Wave 1 and Wave 3, he calculated that Wave 5 would bring about a price increase of approximately 391%, targeting around $15!
🤔However, you might ask, hasn't XRP been falling recently? Can it still rise? Don't worry, Egrag Crypto's technical analysis provides a long-term bullish perspective. Although the market may experience some short-term corrections, the fundamentals of XRP remain bullish and could 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 has been some correction since then, it has consistently stayed around the support range of $0.35. Now, XRP is about to break through the $2 mark by the end of the year, which would be an unprecedented milestone! Once it breaks through, it means opening the door to even higher targets!
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The above content is for informational sharing only and does not constitute any investment advice! Investment involves risks, and you should be cautious when entering the market!
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