Analyst Singles Out VeChain And XRP For Parabolic Surge, Here Are The Targets
25 April 2024 - 5:00AM
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Crypto analyst Egrag Crypto has singled out VeChain (VET) and XRP
as two crypto tokens that could soon witness significant price
surges. The analyst also outlined price targets crypto investors
can expect these tokens to attain. VeChain Could Rise To As High As
$2.5 From the chart Egrag shared in his X (formerly Twitter) post,
one could see that he was hinting that VeChain hit $2.5 at its
market peak. He also elaborated on how the crypto token will rise
to that level by breaking its price action into three targets. The
first target was the yellow channel, which he highlighted on the
chart. Related Reading: Ripple Vs. SEC Update: Is The Lawsuit
Finally Coming To An End With A Settlement? Source: X VeChain is
expected to rise to as high as $0.18 when this target is fully
achieved. Egrag noted that this will mark the “forging of the
MACRO-Bottom.” The second target will see the crypto token rise to
almost $0.9. The analyst pointed out that this channel “aligns with
the Fib 0.702 & 0.786 levels,” forming what he referred to as
the “Mid-Bull-Cycle.” VeChain is expected to rise to as high as
$2.5 when the last target is achieved. Egrag remarked that this
target aligns with “key Fib levels 1.236, 1.414, & 1.618,
suggesting the potential cycle top for #VET.” This isn’t the first
time the crypto analyst has laid a bullish narrative for the
VeChain token. In February, he predicted that the crypto
token could witness a 140x price increase if it repeats its price
action from around 2021 when it rose by 14.638%. XRP Run To
$1.4 Still In Play Egrag provided his bullish analysis of XRP in a
separate X post. He stated that the crypto token’s double formation
was giving a “strong bullish signal.” He added that he is confident
that the “thrust will soon.” This recent analysis was an update to
a previous one where he predicted that XRP would rise to $1.4 soon
enough. Source: X Back then, he was also confident that
this move to the upside was imminent, noting that the bulls had
accumulated all the XRP tokens that the bears had dumped. He urged
XRP holders to “stay steady” in anticipation of the life-changing
opportunities that may arise due to the crypto token’s parabolic
surge. Related Reading: Ethereum Resurgence: TRON Founder
Justin Sun Goes On 127,388 ETH Buying Spree Egrag has remained
bullish on the XRP token despite its unimpressive price action. He
has predicted at different times that the crypto token could rise
to as high as $27 at its market top. At the time of writing,
XRP is trading at around $0.54, up in the last 24 hours, according
to data from CoinMarketCap. VET price at $0.04 | Source: VETUSDT on
Tradingview.com Featured image from Watcher Guru, chart from
Tradingview.com
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