$XRP Crypto analyst Egrag Crypto has issued another confident projection for XRP, asserting that the digital asset could experience a major rally within the next four to six weeks.
At a time when some traders have begun to lose patience due to prolonged sideways movement, Egrag is urging holders to remain steadfast.
The analyst addressed growing bearish sentiment within the XRP community, emphasizing that short-term uncertainty should not be mistaken for structural weakness. His analysis suggests that the current phase is a preparatory stage before the next substantial upward move.
šHistorical Parallels and Price Patterns
In his latest chart analysis, Egrag Crypto highlights two distinct historical surges in XRPās price action, referring to them as the āBlueā and āGreenā phases. These periods correspond to the explosive rallies seen in 2017 and 2021, both of which occurred after extended periods of consolidation.
The chart he shared indicates that XRP is once again at a similar structural point, forming a symmetrical triangle pattern that appears ready to break out.
Egrag Crypto identifies Fibonacci retracement levels as crucial indicators, suggesting potential targets ranging from $10 to $37. His technical framework relies on recurring historical patterns, which he argues are now aligning once again.
šPsychological Pressure and Market Sentiment
Egrag Crypto acknowledged that the marketās current stagnation has led many bullish traders to question their positions. He criticized what he described as premature pessimism from participants frustrated with XRPās pace of movement.
According to the analyst, many traders are reacting emotionally rather than relying on objective data. Some are opting to sell due to impatience or perceived weakness. He maintains that fear-driven decisions often precede strong rebounds. He references previous market cycles where XRPās major rallies followed periods of apathy and disbelief among investors.
šExpectations for the Coming Weeks
Egragās analysis concludes that XRP is nearing the end of its consolidation phase and that historical data support the likelihood of a breakout within the next four to six weeks.
The accompanying chart illustrates this by marking a narrowing price structure labeled āZooming In,ā indicating compression before expansion. Should XRP replicate past behavior, the projected move could be substantial. While he does not guarantee specific price levels, his tone remains resolute.
Egrag Cryptoās forecast reflects a continuation of his long-term bullish stance, built on pattern repetition and market psychology. If XRP follows historical precedent, the coming weeks may indeed prove decisive for the assetās next major move.
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