XRP enthusiasts are excited by market analyst EGRAG's prediction of an 888% increase in the cryptocurrency’s value based on historical trends. XRP's one-month chart reveals patterns mirroring its rapid success in 2017, prompting speculation about a new bull run.
EGRAG's chart analysis shows that XRP almost touched the red rising support line four times, similar to its movements during the 2017 bull run when it jumped from $0.003 to $3.31 in January 2018. The repeat of this pattern suggests XRP may soon follow a similar course.
To achieve such growth, XRP must surpass its all-time high of $3.31. If it breaks this level, it could pave the way for further gains, possibly reaching the Fibonacci extension level of $31, reflecting positive market sentiment and potentially attracting more investors.
CoinCodex supports this optimistic view, predicting a 19.78% increase in XRP's price by October 28, 2024. The bullish sentiment, indicated by the Fear & Greed Index at 64, and low price volatility present an appealing opportunity for traders.
XRP has shown positive performance throughout the month, with 16 out of 30 days in the green, translating into a positive rate of 53%. With low volatility at 3.73%, traders are optimistic about breaking through critical resistance points.
