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Crypto analyst Egrag Crypto highlights the bullish candle formation that can send XRP prices up to $22. This is just coming Analysts predicted That Altcoin could reach a $1.5 trillion market.
XRP Price’s eyes gather at $22 as bullish candles form
in xPostEgrag Crypto predicted that the annual chart candle 13 could become a breakout candle that sends XRP prices to $13 or $22. He also increased the likelihood that altcoins will surge beyond these price levels, with the core even higher. Based on the analysis of Candle 9, Candles for 2021analysts pointed out that Candle 13 points to a target of around $17.
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Egrag Crypto said this is a perfect match between $13 and $22 for XRP prices. He also commented on Candle 12, pointing out that it was the strongest. A bullish swallow pattern. This swallowing process began with candle 5 and continued through candle 11. Analysts added that the bodies of these candles were closed above all previous candles. As in this case, it’s even more bullish when it occurs on a chart every year or 12 months.
Comment on the current XRP price action Egrag Crypto He said that the noise is still high in the high time frame. He said the body of the candle 13 is over $1.85 and the wick stretches to about $3.40. Analysts claim that if they fall below $1.85 it could mark the end of a bull run, and after exceeding $3.40 it has been confirmed that XRP is heading towards double digits.
Interestingly, Crypto analysts declared this December 31st this year that it would be a date to remember XRP history. He said that market participants will see where XRP prices stand and what candle formations are acclimating to the legendary year.
Critical level XRP
in xPostCrypto analyst Casitrades said XRP prices have returned to the $2.25 range, one of the most important levels on the charts. She said the zone serves as both resistance and support. $0.50 breakoutand now there’s a proper backtest in progress.
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Analysts revealed that this level indicates that this level will be retained. However, she warned that checking for higher time frames is important, and that when XRP prices exceed $2.25 each day, they would exceed $2.25 to confirm bullish pivots. Casitrades added that this level remains a high probability zone for buyers, whether this is the final pivot or not. She noted that the next major support is $1.90 This $2.25 support fails.
At the time of writing, the XRP price is trading at around $2.21, down almost 3% over the past 24 hours. data From CoinMarketCap.
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