Top analyst: “Super Guppy signal pushes XRP above 99 USD”

Market analyst EGRAG gives an optimistic forecast for XRP, using clues from the Super Guppy indicator to predict a rise to new heights.

In particular, analysts usually use this technical indicator to spot trend reversals and potential breakout opportunities. Interestingly, EGRAG noted that the tool suggests that XRP may be gearing up for a massive price increase, similar to its previous bull runs.

The XRP Super Guppy Indicator

EGRAG highlighted the Super Guppy on a 5-day XRP chart, which has consistently provided reliable signals for major price moves. According to the analyst, the indicator uses two sets of moving averages with different time periods to detect potential shifts in market trends.

EGRAG has pointed out that the price action of XRP follows certain patterns. In particular, the repeating pattern of large drops (marked in red) followed by exponential price increases (shown in green).

As can be seen in the 5-day chart, the first major red downturn began in May 2015 and ended in February 2017. This bearish phase marked a long consolidation phase for XRP, with prices stagnating below $0.01.

However, once the red phase was completed and the green phase began, XRP experienced a parabolic rise. By January 2018, XRP had risen to an all-time high of $3.31, which was an astonishing increase from its low of $0.005 in February 2017.

XRP’s uptrend 2021

After reaching a high of $3.31 in January 2018, XRP declined and entered another extended downtrend starting in November 2018. This bearish phase continued until June 2020, when XRP reached a low of $0.1769.

Notably, the following green phase began in October 2020 and took XRP to $1.96 by April 2021. However, a correction occurred before it could reach its previous value. All-time highThis correction culminated in the third downturn, which was called the Super Guppy.

Now, after completing a third red dip, EGRAG argues that XRP is poised for another mega rally. The analyst draws parallels between XRP's historical price action and the current situation, suggesting that the market may be gearing up for a rebound similar to the 2017-2018 bull run.

Projected XRP Targets

EGRAG also developed possible price targets for XRPHis end goal is an ambitious $99, which he bases on Fibonacci extensions and historical market behavior. Key milestones along the way include $3.37 and $13.69.

According to his theory, XRP will likely follow the familiar trajectory of a long red phase (bear market) followed by a strong green phase (bull market), with multiple phases of bullish momentum potentially leading to this high price target.