Top Analyst Says You Are Not Bullish Enough On XRP. Here’s Why
Main Idea
Crypto analyst Egrag Crypto predicts a significant bullish rally for XRP, supported by technical analysis, fundamental developments, and the resolution of Ripple's legal case with the SEC.
Key Points
1. Egrag Crypto warns investors that they are underestimating the potential for XRP's upcoming rally, predicting double-digit price surges based on technical models.
2. Ripple's expansion of On-Demand Liquidity (ODL) corridors and the launch of RLUSD, a USD-backed stablecoin, strengthen XRP's utility in cross-border finance.
3. The legal dispute between Ripple and the SEC concluded with both parties dismissing their appeals, removing regulatory uncertainty for XRP.
4. XRP's classification as a commodity by the CFTC and Judge Analisa Torres' 2023 ruling that XRP is not a security further bolster its market position.
5. Egrag highlights signs of accumulation and institutional interest, suggesting a major market shift is imminent.
Description
Egrag Crypto, a well-respected crypto analyst, has issued a striking warning to investors: “Trust me, you are not bullish enough for what is coming in the next few months. Only a few.” The statement reflects Egrag’s deep conviction that XRP is on the verge of a powerful rally —one that most market participants are still underestimating. Egrag’s Macro Outlook on XRP Known for his high-timeframe technical analysis, Egrag has repeatedly emphasized the larger bullish structures forming around XRP. H...
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