Expert Identifies Best XRP Entry Points, Sets $6 to $8 as Uptrend Targets
A prominent market analyst has identified the best entry points for investors looking to jump on the XRP train, further setting attractive uptrend targets.Notably, XRP has emerged as one of the top-performing assets over the past month. Since early November, it has transformed from an underperforming asset into a standout in the market. This impressive performance has triggered a renewal of investor interest, with most seeking the best entry points. Market analyst EGRAG recently discussed buying opportunities, expecting the rally to continue despite the recent pullback. Optimal XRP Entry PointsIn the recent report, EGRAG highlighted several optimal entry points for XRP. The analyst remains bullish on the macro outlook, arguing that the current market cycle still has more room for growth.https://twitter.com/egragcrypto/status/1864562453792563430He first noted his previous attempts to get investors to enter the XRP market before the latest upsurge. At the time, XRP changed hands below $1. However, EGRAG stressed that now is still a good time to buy and hold, with potential returns of five to ten times the current price. The analyst suggests the $2.00 mark as a major point to buy aggressively amid the ongoing pullback and market uncertainty. Further, he believes the $1.60$1.70 range could present a golden opportunity if the price experiences a pullback from a rounding top pattern. Additionally, if the price dips to $1.20, EGRAG revealed that he plans to reinvest all profits into XRP. This potential move would confirm his confidence in XRPs potential, as he expects a massive upward push.The rounding top pattern suggests that XRP may break upward soon. If this happens, the asset could surpass the $3.50$3.80 range ahead of schedule. This would set the stage for a rally targeting $6 to $8 in the short term. Double Top RSI Pattern Suggests Further UpsideNotably, the analyst believes the current bull run is still in the early stage, as he predicts that the cycle could peak by mid-March 2025, with a possible extension into late 2025. The extension of the timeline aligns with a wave 5 cycle top projection.In a separate analysis, EGRAG also discussed XRPs weekly Relative Strength Index (RSI). Historical data shows a persistent rhythm in the RSI, which features two distinct peaks during bull runs.
Text source: The Crypto Basic
