EGRAG, a prominent figure in the XRP community, has outlined how XRP might reach $17 in the coming months, highlighting crucial indicators that could confirm this bold prediction.
In a recent post on X, EGRAG updated his prediction series titled “The Bent Fork,” which he initially launched in June 2023. Originally setting a target of $15 for XRP, EGRAG has since revised this figure to $17 based on further analysis.
EGRAG Outlines Path for XRP to Reach $17 with Key Indicators
In his latest commentary, analyst EGRAG highlighted five factors that could signal the beginning of XRP’s journey to $17.
Source: X
EGRAG emphasized the importance of XRP reclaiming the $0.4 region. After initially falling below this level on July 5, XRP has partially recovered. In the past 24 hours, it nearly dropped back to $0.39, hitting an intraday low of $0.4047. Currently, XRP is trading at $0.44, reflecting a 2% gain today.
During this minor recovery, EGRAG pointed out that surpassing the $0.75 threshold is crucial to confirming the early stages of XRP’s bull run. He noted that closing above $0.75 would pave the way for XRP to aim for a new all-time high (ATH).
In mid-March, XRP experienced a notable 20% surge to $0.74 amid a generally positive market environment in Q1. This rally was widely praised and even garnered a bullish outlook from Ripple’s CEO, Brad Garlinghouse. However, the rally was short-lived, and XRP began a downtrend from which it has not fully recovered.
To meet EGRAG’s requirement for confirming a trajectory toward an ATH, XRP now faces a significant challenge: a 70% bullish rally.
EGRAG Identifies Key Levels for XRP to Reach $17
EGRAG noted that the $1 mark represents both a structural barrier and a psychological obstacle for XRP’s anticipated rise. Once this level is surpassed, the next critical target is $1.8, which EGRAG describes as an equilibrium point.
If XRP meets these criteria, EGRAG believes that the XRP Army could expect a dramatic surge, potentially driving the token up by 3,763% to reach $17.
Another important indicator for EGRAG is XRP surpassing its six-year-old all-time high. He suggests that breaking the $3.5 level could be a pivotal moment, describing it as potentially opening “the gates to Valhalla” and setting the stage for significant success.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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