The Rare Bent Fork Pattern
Crypto analyst Egrag Crypto has a bullish outlook on the future of the XRP price and is using a rare Bent Fork Pattern to support this prediction. In a previous post, Egrag mentioned four distinct tracks for the XRP price: Major Historical Support, Ranging Zone, Mid-Cycle Top, and Cycle Top. The analyst believes that the XRP price could reach as high as $15 at the Cycle Top, although there may be some downward movement before this happens. Egrag advises investors to see any dips in price as an opportunity to buy XRP at lower prices.
Revisiting the Bent Fork Pattern
Egrag recently revisited the Bent Fork Pattern and reiterated the previous prediction. According to the analyst, for the XRP price to reach $15, it needs to breach a specific white line on the chart. Egrag suggests that investors keep an eye out for the 3rd and 4th week of November, as something interesting might happen during that time frame. The analyst encourages investors to seize any buying opportunities that arise.
Not the Only Bullish Chart
Egrag’s XRP price prediction using the Bent Fork Pattern aligns with their other forecast using the Elliot Wave Theory. Both predictions indicate a double-digit price level for XRP, with the Bent Fork Pattern suggesting $15 and the Elliot Wave Theory suggesting $27. Additionally, both predictions share a similar timeframe for when these price levels may be reached.
Hot Take: XRP Price Predicted to Surge with Bent Fork Pattern
Crypto analyst Egrag Crypto is confident in the future of the XRP price, using the rare Bent Fork Pattern to support their prediction. According to Egrag, if XRP can breach a specific white line on the chart, it could potentially reach $15. This would represent a significant increase of at least 3,000% for XRP. While there may be some downward movement before this rally occurs, Egrag advises investors to view any dips as buying opportunities. Keep an eye out for the 3rd and 4th week of November for potential market-shaking action. With multiple bullish charts supporting the case for XRP’s price surge, it’s an exciting time for XRP investors.
By
By
By
By
By