XRP might be currently trading around half a dollar, but both its fundamentals and technical analyses suggest that a surge of epic proportions is brewing under the covers. One such is the 'Super Guppy' indicator, which projects a notable rally to many price points leading up to $99.
This bullish signal was highlighted on social media platform X (formerly Twitter) by renowned crypto analyst EGRAG CRYPTO, who emphasized that the Super Guppy's history of predicting price jumps might soon repeat itself. Given its past accuracy in signaling major market movements, the current setup has positioned XRP for what the analyst refers to as a 'Mega Pump.'
The Super Guppy indicator uses multiple exponential moving averages to highlight trends and anticipate potential breakouts in an asset's price. EGRAG recently updated his analysis from October 2022, using the XRP/USD price chart on a 5-day candlestick timeframe. The Super Guppy shows a recurring sequence where significant bearish downturns, marked in red, are followed by impressive bullish surges, represented in green.
The first notable bearish trend occurred between 2015 and 2016, which gave way to a strong bull cycle in 2017, culminating in XRP reaching its all-time high in 2018. Similar trends were observed from 2019 to 2022. Now, it seems the Super Guppy indicator is signaling another bullish phase for XRP.
EGRAG noted three price targets: $3.37, which would be a 470% increase; $13.69, representing a 2,220% increase; and the most ambitious target of $99.24, marking a 16,748% surge from the current price. At the time of writing, XRP is trading at $0.5887, up by 2.16% in the past 24 hours.
