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<p>Notable <a href="https://twitter.com/egragcrypto/status/1758078742830706842?t=ciJa7oav43_zsGbGZVnUbQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency analyst Egrag Crypto (@egragcrypto)</a> posted an insightful technical analysis of XRP’s price chart on Twitter this week.</p>
<p>Egrag Crypto notes that XRP’s 2-week candle appears stuck between the 21 EMA and 55 MA. While the downside risk sits around $0.45, closing above $0.60 is seen as crucial since it would mean overtaking the 21 EMA on the 2-week timeframe and surpassing a key resistance level.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="436" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-590-1024x436.png" alt="" class="wp-image-439044" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-590-1024x436.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-590-300x128.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-590-766x326.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-590-1536x654.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-590-2048x872.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-590-352x150.png 352w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-590-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-590-822x350.png 822w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-590-788x335.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-590.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><strong>Mega Move Potential </strong><br>Egrag suggests this range-bound movement could be the prelude to a historic “mega move” breakout for <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> for several reasons:</p>
<ol>
 <li>It would complete a ‘W’ price formation</li>
 <li>It would finalize an ascending triangle pattern</li>
 <li>This breakout could fuel a 500% price increase from current levels, sparking further gains</li>
</ol>
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<p><strong>7000% Price Surge? </strong><br>While a 7000% XRP price surge may seem unlikely to many, Egrag argues that once real-world utility kicks in, such exponential growth could just be the beginning of a longer trend. The analyst urges the XRP army to “stay steady” since the XRP Ledger is gearing up to transform global finance.</p>
<p><strong>Large XRP Buy Order Supporting this Bullish Outlook </strong><br>Lending further credibility to the possibility of an imminent XRP breakout is a sizable buy order recently executed by popular cryptocurrency <a href="https://twitter.com/DrProfitCrypto/status/1758318524458573838?t=t3atACJPpqvtFzQW8ivwbw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">analyst and trader, Dr. Profit.</a></p>
<p>In a tweet, Dr. Profit shared that he purchased $500,000 worth of XRP tokens at $0.56. This latest purchase builds upon his existing long-term position in XRP which he began accumulating as far back as January 2021 at an average price of $0.32.</p>
<p>Taking a step back, this strongly suggests that Dr. Profit maintains a highly bullish multi-year outlook on the price performance of XRP. By committing additional capital at the current levels, the trader is signaling a high-conviction view that XRP remains undervalued relative to its longer-term growth potential.</p>
<p>You may also be interested in:</p>
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 <li><a href="https://captainaltcoin.com/polkadot-dot-teeters-on-the-cusp-of-a-breakout-can-it-surpass-resistance-at-this-key-level/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT) Teeters ‘On the Cusp of a Breakout’: Can It Surpass Resistance at this Key Level?</a></li>
 <li><a href="https://captainaltcoin.com/ethereum-finally-strengthening-analyst-reveals-when-eth-will-start-to-surge-amid-favorable-price-action/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Finally Strengthening, Analyst Reveals When ETH Will Start to Surge Amid Favorable Price Action</a></li>
 <li><a href="https://captainaltcoin.com/bespoke-crypto-streaming-platform-deestream-dst-takes-further-tether-usdt-polkadot-dot-investment-as-30x-capable/" target="_blank" rel="noopener noreferrer nofollow">Bespoke Crypto Streaming Platform Deestream (DST) Takes Further Tether (USDT) &amp; Polkadot (DOT) Investment As 30x Capable</a></li>
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<p>The post <a href="https://captainaltcoin.com/ripple-could-finally-surge-7000-after-this-21ma-and-55ma-breakout-xrp-investor-continues-loading-up/" rel="noopener noreferrer nofollow">Ripple Could Finally Surge 7000% After This 21MA and 55MA Breakout, XRP Investor Continues Loading Up</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple Could Finally Surge 7000% After This 21MA and 55MA Breakout, XRP Investor Continues Loading Up

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