Expert Sees Potential Surge For XRP Which Could Rocket to $3.70 if This Happens

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In recent moves, XRP is consolidating, aiming for the $1 milestone after being approved as a non-security. Meanwhile, an expert, Egrag Crypto, delves into the potential trajectory for XRP, suggesting a path to $3.70 if historical patterns repeat.

XRP Historical Patterns Repeat.

A recent analysis shared by a cryptocurrency expert known as Egrag Crypto, suggests that the current consolidation aligns with a past cycle where XRP achieved remarkable gains, reaching $1.60 with an over 500% increase in 2021.

Further, the expert drew attention to the present chart pattern, noting its resemblance to the consolidation above the trend line during the previous cycle. Additionally, the analysis emphasized the presence of a glowing green Super Guppy upon breaching the trend line. The Super Guppy, a set of moving averages indicating trend strength and potential reversals, symbolizes a bullish trend for XRP.

“If history repeats itself with XRP following the Cycle B pattern, a surge akin to previous moves could potentially pocket us $3.70,” the analyst stated.

Strategic Moves

Beyond the technical analysis, the expert proposes a strategic move for investors during this consolidation phase. Consolidating funds into XRP at this juncture could potentially amplify a portfolio almost seven times, making it an enticing strategy for those holding a substantial sum.

“If you’re sitting on a hefty sum, XRP seems like the smart move for a potential 6-7X gain,” recommends the expert.

XRP’s Key Timeframe to Watch

Looking ahead, the analyst highlights a timeframe of potential excitement for XRP between December 2023 and February 2024. This period is anticipated to bring forth significant price movements and possible opportunities for investors, creating a dynamic landscape for the digital asset.

Despite the partial victory in the Ripple and Securities Exchange Commission case (SEC) and the declaration of XRP as not a security, the token’s market behavior has been termed ‘very strange.’ XRP is in a competitive race to reach $1 alongside other assets like Cardano (ADA), with technical indicators signaling a favorable position. The diverse projections from crypto experts make XRP a key altcoin to monitor amidst evolving market dynamics.