Crypto expert Egrag Crypto has identified VeChain (VET) and Ripple (XRP) as two cryptocurrencies potentially experiencing substantial price increases in the near future. The analyst provided estimated prices for investors to keep an eye on.
VeChain Could Rise To As High As $2.5
Based on the graph Egrag published in his recent X (previously Twitter) update, it appeared that he was suggesting VeChain reached a peak price of $2.5. He additionally explained how the cryptocurrency token would reach this value by outlining three objectives. The initial objective was the yellow channel, which he emphasized on the graph.
According to Egrag’s analysis, VeChain could reach a price of $0.18, signifying the formation of a major support level or “MACRO-Bottom.” Subsequently, the token might climb up to nearly $0.9, which aligns with the Fibonacci levels 0.702 and 0.786, marking the midpoint of the bull cycle.
VeChain may reach a peak of $2.5 based on analyst Egrag’s predictions, which align with important Fibonacci levels at 1.236, 1.414, and 1.618. These levels could mark the end of VeChain’s potential price cycle upward for the token #VET. Previously, Egrag expressed a bullish perspective regarding VeChain’s token.
In February, he expressed the belief that the crypto token might experience a price surge of over 140 times its current value if it follows the trend of its price hike in the vicinity of 2021, which amounted to an increase of approximately 146.38%.
XRP Run To $1.4 Still In Play
In a different post, Egrag shared his optimistic perspective on XRP. He pointed out that the digital token’s price pattern was indicating a robust “buy” signal due to its double formation. With confidence in his conviction, he expects the price to surge soon. This view is an enhancement of his earlier prediction that XRP would reach $1.4 in no time.
During that time, he believed with certainty that an upturn for XRP was just around the corner. He pointed out that the bulls had bought up almost all of the tokens the bears had sold off. He encouraged XRP owners to remain patient as they prepared for potential significant gains from the cryptocurrency’s anticipated surge.
Despite the lackluster performance of the XRP token in terms of price, Egrag has maintained a positive outlook on it. He has made several predictions that the cryptocurrency’s value may peak at around $27.
Currently, XRP is priced at approximately $0.54 during my writing process, marking an increase within the past 24 hours based on information obtained from CoinMarketCap.
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2024-04-24 22:16