Ripple: XRP Poised For A Mega Pump
XRP has long been waiting for its final break point, a mark that will help Ripple ascend to new price heights. In this wake, several analysts have predicted bullish price paths for XRP and have carved its future price path.
One such analyst has already charted a course for its mega pump, provided the market fully embraces its momentum. Let’s explore how.
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XRP Mega Pump: What’s Happening
Egrag Crypto, a notable crypto analyst, has issued a new price path for XRP. The expert took to X to share a detailed price trajectory for Ripple, in which the token is planning a mega pump rally. The rally details include a new element of “XRP Super Guppy.”
Super Guppy Analysis
Egrag Crypto shared a super guppy analysis related to XRP. This indicator helps determine changing patterns, trends, and breakout points by combining the two groups of moving averages with different periods.
The analyst was quick to share his earlier prediction of 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 how the time has finally arrived for XRP to experience this brewing mega pump.
“For a clearer picture of the “Super Guppy” analysis, check out the post from October 28, 2022: What’s Happening Now: Are we about to experience a repeat of the 2017 pump? Back then, we saw a big red duration, followed by a smaller red duration, and then the Mega Pump! Will history rhyme? 🤔 Are we in for a massive pump and multiple X’s? My answer is a resoundin:yess! 🙌.The Super Guppy signals that #XRP is primed for a Mega Pump. 🌟”
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What Does Technical Analysis Say About The Token?
Market Sentiment
While the market currently is slow due to Bitcoin’s gradual pace, platforms like CoinCodex are treading carefully by issuing simplified analyses.
Price Prediction
According to CC, Ripple may surge 20% to hit $0.63 by September 2024.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.12% and reach $0.643051 by October 11, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 37 (fear). XRP recorded 16/30 (53%) green days with 4.10% price volatility over the last 30 days.”
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