In a recent X post, the renowned technical analysis expert, EGRAG CRYPTO, delved deep into the prospects of Ripple (XRP). Drawing from a conversation with a close associate, the analyst explored the potential trajectory of XRP leading up to the next financial downturn.
Besides the usual chatter surrounding most cryptocurrencies, XRP offers some distinct attributes. Its speed, cost-effectiveness, and swift transaction velocity set it apart. These features have led many to believe that XRP could be at the forefront of reshaping our financial landscape in the wake of an impending financial crisis. Consequently, much attention is given to its potential evolution and role in the next few years.
Additionally, EGRAG CRYPTO highlighted the significance of historical financial events. The 2008 financial crisis, for instance, was a catalyst for the inception of Bitcoin (BTC). However, the expert believes XRP will be more pivotal in the digital revolution. The cryptocurrency’s distinct features position it at the forefront of this monumental shift.
#XRP July 2028!! You will Hate Me.
Can You #HODL for another 5 Years!!!
In the realm of real-world discussions, far from the outer reaches of space, a thought-provoking dialogue ignited between myself and a friend. We delved into the fascinating realm of cryptocurrencies,… pic.twitter.com/RlelexWG2M
— EGRAG CRYPTO (@egragcrypto) September 22, 2023
Significantly, EGRAG CRYPTO introduced a mathematical perspective to the discussion. By analyzing previous financial cycles, he deduced that XRP follows a factor of 3.16X the duration of the preceding cycle. Hence, 2013 is analogous to 2018’s peak, while 2014’s pinnacle corresponds with 2021’s zenith. Applying this 3.16 factor reveals that the current XRP Super Cycle might span an impressive 2600 days from 2014’s peak.
Besides these insights, the famous Twitter analyst updated followers on the XRP ASO “Average Sentiment Oscillator.” The ASO, known as the Awesome Oscillator, indicates the market’s momentum. Recent posts from EGRAG CRYPTO suggest that the ASO is on an upward trajectory, hinting at a bullish trend. The momentum seems unstoppable, with indications pointing towards a bullish cross in the near future.
#XRP ASO "Average Sentiment Oscillator" (UPDATE):
— EGRAG CRYPTO (@egragcrypto) September 22, 2023
Exciting ASO Update Alert! 📈 Check out the Post from September 9th to witness the impressive ascent and curve of the #Bullish trend! 🔥💹https://t.co/ycIN8hQbWQ
The momentum is ablaze, with an unstoppable surge toward that… pic.twitter.com/aJYeBFq8C7
However, in a subsequent update, EGRAG CRYPTO noted a slight shift in the ASO’s pattern. The oscillator now showcases small white circles and appears descending towards a bullish cross. Despite this temporary halt, the momentum remains strong, suggesting a potential bullish run for XRP in the coming days.
Currently, the XRP token is trading in bullish sentiment, with the price recording a price increase of 0.23% and being traded at $0.5102. XRP’s trading volume has recorded a decrease of 18.10% to $844,759,414. This decrease in trading volume indicates a price reversal might be experienced in the market in the hours ahead.
