XRP has long been waiting for the final breakpoint that would help Ripple achieve new price gains. This prompted several analysts to predict a bullish price path for XRP and map out its future price path.
One such analyst has already charted a course for a megapump, if the market is willing to fully embrace it. Let’s see how.
XRP Mega Pump: What’s Happening
Egrag Crypto, a well-known cryptocurrency analyst, has announced a new price trajectory for XRP. The expert appeared on X and shared a detailed price trajectory for Ripple, in which the token is planning a massive rise. The details of the rise include a new element called the “XRP Super Guppy.”
Super Guppy Analysis
Egrag Crypto shared its Super Guppy analysis related to XRP. This indicator helps determine changing patterns, trends, and breakout points by combining two groups of moving averages of different time periods.
The analyst was quick to share his previous predictions for 2022, in which he predicted that XRP would turn bullish in 2024, using the Super Guppy indicator.
Recent Analysis
Recently, the expert shared the same tweet with a new analysis, adding that the time has finally come for XRP to experience this brewing mega pump.
“For a clearer picture of our “Super Guppy” analysis, please see our post from 28 Oct 2022. What’s happening now: Are we about to experience a repeat of the 2017 surge? Back then, there was a big red period followed by a small red period followed by a MEGA PUMP! Will history repeat itself? 🤔 Will there be a massive PUMP and multiple X’s coming? My answer is YES! 🙌. The Super Guppy is a sign that #XRP is ready for a MEGA PUMP. 🌟”
What does technical analysis say about the token?
Market Sentiments
Bitcoin’s slow pace has led to a current market slowdown, but platforms such as CoinCodex are treading cautiously by publishing simplified analysis.
Price Prediction
According to CC, Ripple could rise 20% to $0.63 by September 2024.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.12% to reach $0.643051 by October 11, 2024. According to our technical indicators, current sentiment is bearish with the fear and greed index reading 37 (fear). XRP has recorded 16/30 (53%) green days with a price volatility of 4.10% in the past 30 days.”
(Tag ToTranslate) Ripple
