Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75



Crypto
analyst
Egrag
Crypto


has
revealed
a
bullish
pattern
that
recently
formed
on
the


XRP
price
chart
.
The
analyst
also
revealed
how
high
the
crypto
token
could
rise
once
it
makes
this
move
to
the
upside.  

Inverted
Hammer
Forms
On
The
Chart


Egrag
highlighted
an


Inverted
hammer


that
had
formed
on


XRP’s
chart


while
noting
how
bullish
this
was
for
the
crypto
token.
He
claimed
that
last
month’s
candle
formation
showed
a
75%
Inverted
Hammer
at
the
bottom,
which
is
“super
bullish”
for
XRP.
Egrag
believes
this
is
an
“amazing
sign”
that
the
altcoin
could
rise
to
$0.75
soon
enough.
He
added
that
July
will
be
a
“month
of
fireworks”
for
XRP. 

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Reading

Source:
X


XRP’s
possible
rise
to
$0.75
is
significant,
as
Egrag
had


previously
highlighted


that
price
level
as
a
critical
breakout
point

for
XRP.
Back
then,
he
mentioned
that
XRP
was
“poised”
to
achieve
this
breakout
in
the
coming
weeks.
He
suggested
an
XRP
breakout
above
that
price
level
would
send
it
to
$1.5,
and
the
crypto
token
could
enjoy
a
further
upward
trend
to
$7.5. 


Crypto
analyst
CasiTrades


also
recently
provided
a
bullish
narrative
for
the
altcoin.
She
stated
that
the
crypto
token
is
maintaining
its
bullish
momentum
and
bouncing
off
the
0.382
retracement
level.
The
analyst
added
that
XRP
has
finally
flipped
a
trendline
that
had
acted
as
resistance
for
months
to
support.

Source:
X


Meanwhile,
CasiTrades
highlighted
$0.54
as
a
price
level
to
keep
an
eye
on,
stating
that
XRP
could
encounter
resistance
at
that
level.
She
suggested
that
the
coin
could
enjoy
a
parabolic
move
if
it
breaks
out
above
that
price
level,
remarking
that
it
is
a
“crucial
level
to
watch
for
a
potential
breakthrough.”CasiTrades


previously
raised


the
possibility
of
the
altcoin
rising
to
as
high
as
$80
when
it
breaks
out
from
a
consolidation
triangle. 

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XRP
Is
On
The
Brink
Of
A
Parabolic
Rally


Crypto
analyst
Mikybull
Crypto


recently
suggested
that
XRP
was
on
the
brink
of
a
parabolic
rally.
He
stated
in
an


X
post


that
the
token
is
currently
at
the
level
it
was
in
2017
and
2020,
which
triggered
a
“massive
rally”
for
the
crypto
token
on
both
occasions.
In
2017,
the
altcoin
enjoyed
a
price
gain
of


61,000%
in
280
days


Related
Reading


The
chart
that
Mikybull
Crypto
shared
showed
that
the
altcoin
could
rise
to
as
high
as
$5.
Meanwhile,
crypto
analyst


XRP
Captain


claimed
that
the
altcoin
was
ready
for
the
“massive
breakout.”
He
claimed
that
XRP
is
in
the
“middle
of
apex.

FreeBitcoin Banner  


Crypto
analyst
Jaydee


also
agreed
with
XRP
Captain
that
a
breakout
is
imminent,


stating


that
“it’s
coming,”
although
he
claimed
that
“beginners”
will
miss
out
on
the
run.


At
the
time
of
writing,
XRP
is
trading
at
around
$0.52,
up
in
the
last
24
hours,
according
to


data


from
CoinMarketCap. 

Bulls
maintain
control
of
price
|
Source:

XRPUSDT
on
Tradingview.com

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com

Go to Source
Author: Scott Matherson


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