Well-known crypto analyst Egrag Crypto warns XRP owners of a possible major outbreak. According to his technical analysis of the XRP/BTC trading set, the market is at a crucial inflection point. “What comes next will surprise many,” he writes on X.
XRP price in transition phase
Egrag Crypto sees clear signals of a structural shift on the long-term chart of XRP versus Bitcoin (BTC). Not a short recovery or temporary dip, but a fundamental change in the price trend.
The so-called ‘Super Guppy’ indicator is completely contracted. This indicates that the selling pressure has almost completely disappeared.
“The market has calmed down,” said the analyst. “And such silence is often followed by a powerful movement.”
What is striking: the short-term signals are cautiously turning green, while the long-term indicators remain flat. According to Egrag, that means one thing. The long decline is over, but a real breakthrough is still pending.
XRP is building a solid bottom
According to Egrag, price movements also give reason for optimism. He sees a so-called ‘bullish rectangle’ developing, with the price moving between clear support and resistance. Despite repeated attempts, the price does not break out, indicating stability.
According to the analyst, the market is in a reaccumulation phase. Strong investors buy steadily, without the price immediately shooting up. “There is no panic selling,” he says. “On the contrary, the market is quietly recovering and building a new foundation.”
Chance of outbreak: up to 70 percent
According to Egrag, the chance of an upward breakout within three to six months is between sixty and seventy percent. He only expects a strong correction when the current support disappears. A longer lateral movement is still possible, but he gives him less chance.
What characterizes his analysis above all is its down-to-earthness. No hype, no emotion – only the graph counts. “Markets move in phases: from trends to calm, and then to direction. XRP is now in that transition. Once the direction is clear, the movement will come naturally.”
Source: https://newsbit.nl/wat-nu-komt-zal-je-verbijsteren-analist-voorspelt-grote-beweging-voor-xrp/