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Crypto Egrag Crypto (Gragcrypto) has released a plan that could cause excitement between XRP holders. In his last post on X, the analyst indicates the behavior of the historical price, the formation of a potential channel, and accurate technical indicators indicating that XRP may be about to move quickly towards the price range from 27 to 33 dollars. The time frame of this potential mutation, according to its analysis, can be short to 28 days if the conditions reflect the 2017 bull race.
XRP price to hit $ 33?
EGRAG opens to him mail By admitting the dangers and difficulty of developing time -based predictions. “Sometimes, I throw myself under the bus with the expectations of time, but frankly, it is worth participating with society! Although I know that it may come in reverse results, I still give it a snapshot.” It also repeats his broader philosophy: “Now, let me be clear – I never try the market time because it is almost impossible. Instead, I follow the golden rule:” Time in the market is more important than the timing of the market! “
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The EGRAG analysis axis is a possible weekly channel believed to be very similar to the XRP price structure in 2017. It indicates that during that period, the course that leads to the beginning of the channel continued to collapse about 175 days. During the time period, the distinctive symbol recorded an increase of about 2,500 % of the lower boundaries of the channel. This increase reached its climax in the “higher bombing” course, a term used by merchants to describe rapid price climbing, followed by a faster reflection.
According to EGRAG, these chart features appear to appear now, as XRP shows signs to keep support above the average ASE for 21 weeks (EMA). “We are witnessing similar XRP price procedures today, with the closure of 21 EMA above and only a simple welter,” notes that the price of the distinctive symbol finds strength near a well -monitored average. Such support, if it is sustainable, can be an early indication that the bullish momentum is built.
One of the most meeting points in the EGRAG chart is to drop that XRP can climb towards the FIB 1.618 extension level, setting a temporary goal between $ 27 and $ 33. He explains that if the 2017 canal style is truly repeated today, XRP may repeat a similar percentage and a period of time before reaching this upper range. “If we apply this same style to the current market, XRP can rise to the FIB level 1.618, as it targets $ 27 to $ 33!” He writes. It also indicates that this equivalent step “can occur in just 28 days”, based on his historical observations.
Before reaching this elevation, XRP can first target the 1.272 level of FIB at $ 8.38, followed by a level of 1.414 FIB at $ 13.67. These are the historically relevant Fibonacci extension points, which often monitor traders as price progress in the upward direction.
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The short term in the short term, XRP is currently placed at the level of Fibonacci 0.888 ($ 2.23), with additional support at 0.786 ($ 1.57) and 0.702 ($ 1.78). These levels indicate that XRP is integrated into an organized style based on Fibonacci before the expected collapse.
It can be said that these 28 days expectations are the most surprising part of its analysis, which reflects a break from its usual frequency in defining short -term timelines. EGRAG admits that the timing market movements are poorly famous, but still confident that reviewing previous courses still provides valuable visions. “Although I know that it may come with counter -results, I still give it a snapshot,” he says, acknowledged the inherent volatility and the inability to predict the assets of encryption.
At the time of the press, XRP was traded at $ 2.32.
Distinctive image created with Dall.e, Chart from TradingView.com
The post XRP Could Start To Explode To $33 Within 28 Days: Analyst first appeared on Investorempires.com.