Analyst Confirms XRP Is In “Valhalla Phase”. Here’s What This Means
Main Idea
Analyst Egrag Crypto identifies XRP as being in the 'Valhalla Phase,' a stage of significant potential, with its price around $3.50 and long-term bullish projections beyond $11.
Key Points
1. Egrag Crypto describes XRP's current stage as the 'Valhalla Phase,' indicating great potential that is underappreciated by the market.
2. XRP's price is approximately $3.50 on the daily Binance chart, situated above bullish support levels labeled as 'Region 4 – Valhalla.'
3. The analysis outlines four bullish regions: 'Bullish' at $2.34, 'Super Bullish' at $2.65, 'Ultra Bullish' at $3.00, and 'Valhalla' at $3.40 and higher.
4. Egrag's long-term outlook projects a major upward trajectory for XRP, potentially exceeding $11.
5. The analyst emphasizes the importance of the current market structure for XRP, suggesting it could lead to explosive price action.
Description
Crypto enthusiast and technical analyst Egrag Crypto published a detailed tweet identifying what he describes as the “Valhalla Phase” for XRP. In his post, Egrag noted that XRP is currently in a stage of great potential, which he believes is underappreciated by the broader market. The accompanying chart further illustrated his perspective, showing XRP trading in a region he labeled “Region 4 – Valhalla,” above key bullish support levels. According to Egrag Crypto’s analysis, the current price of...
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