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A crypto analyst predicted that The XRP price could reach $ 27 soon. He describes the current action of cryptocurrency as a “Bermuda triangle or boredom phase– A period when the market moves slowly or on the side, fueling doubt and uncertainty among traders and investors before a price rally.
XRP price boredom phase to trigger a thrust of $ 27
Analyst Crypto Egrag Crypto has warned that the XRP price is in a triangle of the Bermuda, a phase of boredom characterized by Price stagnation And the uncertainty of the market designed to remove weak hands before a significant price movement. According to his prediction, while merchants and investors are impatient and wonder why XRP has not experienced significant price increases, this phase is simply a configuration for a strong rally Around $ 27.
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According to a slowdown planned in mid-MarchXRP had trouble recovering his bullish momentum. Cryptocurrency was one of the most efficient altcoins of this bull cycle, Go from a hollow of $ 0.5 to more than $ 3 For the first time in seven years.
Due to the current market decline, Egrag Crypto has revealed that many traders now wonder why “XRP has not walked”. The analyst explained that this drop in prices was intentional, forcing investors to guess and make emotional negotiation decisions.
He also revealed that the XRP market is now filled with `what if ‘, as Fear, uncertainty and doubt (fud) The spirit of cloud traders. In addition, concerns about potential declines at $ 1.60 or $ 1.30 could push investors to sell panic or try risky transactions.
The analyst has also revealed that the XRP market is currently controlled by sharks and Larger players, also called whales. These large holders tend to influence prices movements, trigger stop-loss and shake low hands before a major rally.
Egrag Crypto warns that new investors and traders are particularly vulnerable, as frustration and boredom can cause financial errors. He revealed that the best strategy to implement during this current market phase is to do nothing. He suggested that investors remain disciplined and patient, recognizing that the phases of boredom are normal in the cycles of the cryptographic market.
The analyst has also urged investors to remain vigilant and to hold their positions while accumulating at ideal prices rather than reacting rapid changes in the market.
XRP Breakout Point alludes to New Ath
In other analyzes, the market expert “Steph is the crypto” has announcement This XRP currently retains the escape levels to trigger a push towards a new ATH. The analyst’s price table shows a Ditch model which was broken above the resistance to the higher trend line.
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After having burst, XRP now reaches this level To confirm a larger movement up. The large green arrow on the peak graphic towards the cryptocurrency Projected price targetsuggesting an optimistic continuation if the rupture of the fall of the corner is held.
The upward potential of XRP should be $ 4 or more if its bullish momentum is maintained. During the editorial staff, cryptocurrency is negotiated at $ 2.4, reflecting a decrease of 3.5% in the last 24 hours, according to CoinmarketCap. If its price rises to $ 4, it would represent a significant increase of 66.7% compared to current levels.
Felash star image, tradingView.com graphic
