Crypto analyst Egrag Crypto is consistently optimistic about the future of the XRP price and the latest prediction proves this. This time, the crypto analyst uses a rare Bent Fork pattern to support his prediction that the XRP price is headed for double digits.
The rare curved fork pattern
Egrag first mentioned the Bent Fork pattern in a June post while showing a bullish roadmap for the XRP price. In the earlier afterthe analyst points to ‘four different tracks’. These include the “Track A) Major Historical Support, Track B) Ranging Zone, Track C) Mid-Cycle Top and Track D) Cycle Top.”
As Egrag explained, Track D is the cycle top where the altcoin price could reach $15, although not without incident. Although a rise is expected, Egrag says XRP could fall before this happens. However, the analyst asks investors not to worry if this happens. Rather, they should see it as an opportunity to buy the cryptocurrency at lower prices.
Now, four months after the initial post was made, Egrag has revisited this Bent Fork pattern, doubling down on the previous prediction. In a post on Wednesday, October 18, Egrag updated the previous forecast and showed what needs to happen for the XRP price to reach the high price of $15. This would mean a price increase of at least 3,000% for XRP if the pattern plays out exactly as expected.
In the chart below, the analyst explains that the XRP price must cross the white line for the rally to begin. “The real excitement is if #XRP shatters the ‘White’ Ascending Triangle – prepare for a market-shaking move,” the analyst said.
Bent Fork Pattern points to bullish recovery | Source: X
Looking at a time frame, the crypto analyst asks investors to keep an eye on the third and fourth weeks of November as something interesting could happen then. “Are you feeling unsure about your next step? This could be your last chance to grab a buying opportunity,” Egrag said in closing.
Not the only bullish chart for XRP price
Interestingly, Egrag’s XRP price prediction using the Bent Fork pattern also matches their other predictions for the altcoin. Earlier in the week, Eggrag had also made another prediction but used the Elliot Wave Theory to present the bull case.
As Egrag notes, the fifth wave is actually where the analyst expects the price increase to occur. Similar to the Bent Fork Pattern, it also suggests a double-digit price level at the top. However, the wave theory goes one step further with a price of $27 compared to the $15 price for the Bent Fork.
Another similarity between both forecasts is that the June Bent Fork chart shows the XRP price at $15 sometime between 2025 and 2026. This is the same time frame presented using the Elliot Wave analysis, so most of this will likely play out in the bull market.
XRP steadies above $0.48 | Source: XRPUSD on Tradingview.com
Featured image from Bitcoin News, chart from Tradingview.com