CandleFocus Expert Says XRP Surging 8,387% to $44 is Conservative, Backs Claim with Fibonacci Analysis
2024-10-07
Author: Content Editor
Famous market analyst Egrag believes that price targets between $27 and $44 for XRP are conservative based on Fibonacci channel analysis. He points out that previous bull runs in 2014, 2017, and 2021 align with Fibonacci channel levels of 0.5, 0.618, and 0.702, suggesting potential price targets of $13, $27, and $44 for XRP in the current cycle. While XRP is currently trading at $0.5184, Egrag believes it could surge by 2,407% in the near term, with an upper target of $44 requiring a more significant upswing of 8,387%. Egrag has previously made similar projections for XRP, but they have yet to materialize.
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