Ripple’s XRP Is 1 Candle Away From Its “Kaboom Phase” Analyst Predicts

Juhi Mirza
XRP Could Gain Commodity Status Under CLARITY Act
Source: Watcher.Guru

Ripple (XRP) has always been part of a fierce speculative regimen. The investors and XRP community enthusiasts have always shown interest in speculating or predicting XRP’s next move, be it in the domain of ETFs or its budding global collaborations. The narrative has also gained significant traction within the domain, where analysts have now started to predict the next bullish phase of XRP, forecasting the evolution of XRP from one price mark to another. Here’s what one analyst thinks about XRP’s explosive phase and the time when the token will possibly “kaboom.”

Also Read: Bitget Analyst Explains Ripple (XRP) Enroute To $5

Explosive XRP Phase Coming

XRP ETF Toronto Exchange
Source: Watcher.Guru

According to Egrag Crypto, XRP is currently one candle away from reporting a stellar price update. The expert shared how in 2017, XRP had consolidated over six candle wicks on its chart, pulling a breakthrough phase immediately after that. The expert later added how XRP’s price chart is once again repeating a similar pattern, with a different set of candles at present.

Egrag Crypto stated that XRP is currently consolidating at the seventh candle. The token is bound to consolidate over one more candle before it goes “Kaboom.” This roughly means that post the 8th candle consolidation, XRP may be free to explore new price horizons, breaking multiple price barriers at the same time.

“#XRP – RGB ARCHS (Red-Green-Blue) & Kaboom: Back in 2017, it took just 6 candles before the final leg launched 🚀✨. Currently, #XRP has consolidated over 7 candles, and there’s still room for one more candle, making it 8 candles in total. After that, get ready for the “KABOOM Phase”! 💥 Whether it rises or falls, it’s going to be explosive! 🔥 As you all know, I am a #PERMABULL when it comes to #XRP 🐂. The measured move is clear, and it’s guiding us straight toward my target zones 🎯.”

Token’s Future Target As Per The Expert

Per Egrag Crypto, XRP is trying hard to soar past the $3.4 price mark as its most immediate price target.

The expert dubbed the budding tokenization elements as catalysts for helping XRP soar to new price highs.

“We’re heading into the most exponential age in human history, and you’re missing the real value of this tech. It’s not just about coding; it’s about real-world applications like tokenization economy & markets. Global equities: Estimated $100T in 2024: unlocking liquidity and fractional ownership. Derivatives: Over $600T: boosting efficiency and reducing risks. Real estate: ~$50T in the US, ~$280T worldwide—enabling real-time transactions and accessibility. Cross-border payments: $27T in Nostro/Vostro accounts, streamlining liquidity. Art & collectibles: $1.7T: democratizing ownership and liquidity. Debt instruments: $250T: reducing costs and increasing transparency. IP licenses: ~$5T: easier licensing & transfer….”

Egrag Crypto later went on to share how the growing crypto market evolution will eventually help XRP surge as high as $24.

“I responded, ‘We’re heading at least to $10, with a max of $27 and $24 based on your 85% drop theory.’”

Also Read: XRP Set for 35% Rally to $1.7 as Ripple-SEC Legal Pause Lifts Hopes