- EGRAG Crypto forecasts XRPβs next cycle top for September 9, 2024.
- His analysis covered the timeframes of previous cycles.
- EGRAG advises market readiness, noting that deviation from expected patterns by the target date would signal a change in trend.
Popular crypto expert EGRAG Crypto, known for his XRP analysis, shared a forecast regarding XRPβs βSuper Guppy Cycle Topβ in September 2024. EGRAGβs analysis compared the current cycle to past patterns, offering projections and potential insights into XRPβs trajectory over the coming months. For clarity, the Super Guppy indicator is a group of exponential moving averages (EMA) that indicate changes in price action.
EGRAGβs analysis covered timeframes of previous cycles, highlighting Cycle 1βs peak occurrence after 287 days and Cycle 2βs after 133 days. Furthermore, he drew parallels to Cycle 3, which began with the Super Guppy turning green in November 2023. As such, the XRP analyst suggested a potential cycle top in approximately 112 days, following Cycle 1βs pattern.
Meanwhile, EGRAG Crypto pointed readers to his previous tweet from May 5th, titled βThis Time is Different,β which focused on the behavior of the 21 EMA and 55 MA on a 2-weekly timeframe.Β
βI recommend revisiting the post from May 5th titled βThis Time is Different,β where the 21 EMA and 55 MA on the 2-weekly timeframe suggest the potential cycle top might occur in September 2024,β he said.
EGRAGβs comparison indicated that while the duration from the bullish cross has surpassed Cycle Bβs timeframe, it remains within Cycle Aβs range. Accordingly, September 9th, 2024, emerged as a potential date for the next cycle top if historical patterns repeat.
To conclude his analysis, EGRAG called for readiness among XRP enthusiasts and market participants. He suggested that if September 9th passes without XRP reaching an all-time high or experiencing significant upward movement, it will deviate from historical patterns.
βSTAY READY! If we pass the 9th of September and #XRP has not reached an ATH or experienced a major pump, then I can confidently say, βThis Time is Different.β EGRAG stated via X.
On the current market front, XRP trades at $0.5052 during press time, reflecting a 0.21% intraday increase.
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