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Crypto analyst Egrag Crypto has emphasized a bullish candle landing, which could send the XRP price to $ 22. This is just like The analyst predicted That the Altcoin could reach a $ 1.5 trillion market.
XRP Price Eyes Rally to $ 22 as bullish candle shapes
In one XPredicted Egrag Crypto that Candle 13 could be the breakout candle candle that sends the XRP price to $ 13 or $ 22 on the annual graph. He also increased the possibility that the Altcoin rose above these price levels, with a wick that extends even higher. Based on his analysis of Candle 9, the 2021 annual candleThe analyst noted that Candle 13 points to a target of around $ 17.
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Egrag Crypto noted that this is perfectly in accordance with $ 13 and $ 22 for the XRP price. He also commented on Candle 12 and noticed that it was the strongest Bullish flooding pattern. This survival process started from Candle 5 and went through Candle 11. The analyst added that the body of these candles was closed above all earlier candles, which is a “classic bullish board”. It is still bullisher when it takes place at an annual or 12 -month graph, as in this case.
Respond to the current XRP price promotion, Egrag Crypto stated that the sound is still loud on the high time frames. He noted that the body of Candle 13 is more than $ 1.85 and the wick reaches around $ 3.40. The analyst claimed that a closure below $ 1.85 could mark the end of the bullrun, while a closure above $ 3.40 confirms that XRP is on its way to double digits.
Interestingly, the Crypto analyst stated that December 31 this year will be a date to remember in the XRP history. He noted that market participants will see where the XRP price is and what kind of candle formations for the legendary year are.
XRP at a critical level
In one XCrypto analyst CasiTrades noted that the XRP price has returned to the range of $ 2.25, one of the most important levels on the graph. She stated that this zone has acted both resistance and support since then The breakout of $ 0.50And now a good back test is underway.
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The analyst revealed that the smaller timetables show that this level could apply. However, she warned that confirmation of a higher time is crucial and that the XRP price closes more than $ 2.25 every day to confirm a bullish pivot. Casitrades added that whether this is the final pivot or not, this level remains a zone with a high -quality for buyers. She noted that the next big support is $ 1.90 as This $ 2.25 support failed.
At the time of writing, the XRP price acts at around $ 2.21, according to almost 3% in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Getty Images, Chart van TradingView.com