Prominent XRP investor and price analyst, Ergag Crypto, has shared a chart analysis, foreseeing notable gains for Ripple’s XRP. In the latest update, he emphasizes a substantial cup formation, indicating a potential upswing in the coming days.
In his Twitter post, Ergag Crypto points out the emergence of the Giant Cup pattern in the current state of the asset. He reiterates his optimistic targets, envisioning XRP’s value climbing to $1.2 and then $1.6, eventually reaching new all-time highs at $27.
Emphasizing the importance of analyzing price behavior independently, Ergag Crypto advises simplicity over the “Paralysis of Analysis” faced by many influential accounts grappling with complex charts.
Examining past charts, he notes the graceful adherence of XRP’s performance to the curved structure against the Cup edge and the formidable ATLAS Line, with higher lows indicating a positive trajectory.
Identifying the $0.55 level as a crucial support, Ergag Crypto expresses confidence in XRP not closing the weekly candle below $0.50, despite the Atlas Line looming at $0.43. His focus remains on the broader picture.
The analyst recently made a bold prediction for XRP, and the community is eager to witness the asset meeting both forecasts. Addressing the XRP Army, Ergag Crypto urges steadfastness, highlighting the significance of staying focused on upward targets despite market fluctuations.
