Crypto analyst Egrag has shared a promising prediction for XRP, highlighting a potential rise to $4.60 based on an inverse head and shoulders pattern formation.
XRP Price Forecast
Crypto analyst Egrag recently highlighted a significant technical pattern in his tweet — the inverse head and shoulders pattern, which could drive XRP's price to a major rally. This pattern is considered valid until April 20, 2025.
Key Levels to Watch
Currently trading around $2.10, maintaining support at $2 is crucial for XRP. A drop below this level might result in a temporary pullback, but a quick rebound could occur if a fair value gap is filled on the chart.
Peter Brandt's Warning
Veteran trader Peter Brandt warns about a potential bearish pattern that may lead XRP to drop to $1.07, highlighting the importance of key support levels to monitor.
Analysts continue to monitor key support and resistance levels for XRP. These possible scenarios highlight the significance of technical analysis in forecasting price movements.
