Analyst Says XRP Hidden Price Pump Is About to Happen

Key Points

1. Egrag Crypto's analysis indicates XRP may be on the verge of a powerful rally, with historical patterns suggesting a potential upside of 24,174%.

2. XRP's price history from 2014 shows a repeating fractal pattern, similar to the 2016–2017 cycle, where a triangle formation preceded a sharp decline followed by a breakout.

3. XRP's inclusion in Grayscale’s Digital Large Cap Fund and adoption in Japan’s financial ecosystem reinforce its legitimacy and potential for growth.

4. Technical analysis shows XRP in a low volatility and price compression phase, typically resolving with strong momentum, suggesting a decisive move is imminent.

5. Egrag emphasizes the simplicity of the setup, with XRP currently trading at $2.22 and positioned beneath the apex of a multi-year triangle, indicating potential for a dramatic upward breakout.