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Cryptocurrency News Articles
VeChain (VET) and XRP Primed for Explosion, Predicts Crypto Analyst
Apr 26, 2024 at 05:13 am
Prominent crypto analyst Egrag Crypto predicts a surge in the prices of VeChain (VET) and XRP. VeChain is anticipated to rise to $2.5, reaching targets of $0.18, $0.9, and $2.5. XRP, too, is expected to experience an upturn, with a potential rise to $1.4 and even $27 in the future. Egrag maintains a bullish stance on both tokens, citing technical analysis and recent market trends.
VeChain (VET) and XRP Poised for Explosive Growth, Predicts Renowned Crypto Analyst
Prominent crypto analyst Egrag Crypto has identified VeChain (VET) and XRP as two cryptocurrency tokens that are poised for significant price increases. Egrag's bullish projections, backed by in-depth technical analysis, indicate that these coins could experience substantial growth in the near future.
VeChain (VET): Potential to Surge to $2.5
According to Egrag's analysis, VeChain could witness a remarkable rise to an impressive $2.5. This prediction is based on a chart shared by Egrag, which suggests that VeChain has the potential to reach this milestone. The chart divides the price movement into three distinct targets, with the first being the yellow channel as highlighted on the chart.
The attainment of this target would propel VeChain to approximately $0.18, marking what Egrag refers to as the "forging of the MACRO-Bottom." The second target predicts a further climb of the token to nearly $0.9, based on its alignment with the Fib 0.702 & 0.786 levels, ushering in the so-called "Mid-Bull-Cycle."
The final target showcases a steep rise of VeChain to a lofty $2.5, as long as key Fib levels – 1.236, 1.414, and 1.618 – align, indicating the potential cycle top for #VET. Egrag's bullish outlook for VeChain is supported by his previous prediction in February that the token could see a 140x price rise, echoing its impressive 14.638% increase in 2021.
XRP: Optimistic Outlook with Potential for $27 Peak
Egrag's analysis also highlights XRP, expressing optimism for its future prospects. Citing the token's double formation as a solid bullish signal, Egrag believes that an upward trend is imminent. This latest forecast builds on his earlier prediction that XRP may soon hit the $1.4 mark.
Given the recent build-up of bullish sentiments, Egrag encourages XRP token holders to remain vigilant and anticipate potentially game-changing windfalls. Despite XRP's recent price performance, Egrag remains confident in its potential to surge as high as $27 during its market peak.
At the time of reporting, XRP is trading at approximately $0.54 with a positive trajectory in the past 24 hours, according to data available on CoinMarketCap. Looking at VeChain's pricing, it is currently pegged at $0.04. Egrag's predictive analysis paints a hopeful future for these tokens, offering investors a glimpse into the potential profitability they may offer.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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