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Despite the sluggish price pace that XRP has adopted throughout this season, several analysts believe Ripple may soon ascend to new price highs. Egrag Crypto, a notable xrp xrpnews xrpnewstoday xrpripple xrplive ripple xrpcoin XRP Bent Fork Analysis: Discover the Two Crucial Zones for XRP to Target $17DISCLAIMER!!! Despite a prevailing downtrend in the cryptocurrency market, prominent analyst EGRAG CRYPTO (@egragcrypto) has revised his XRP price target. This revision is An analyst predicts XRP rally to $17 through the Bent Fork chart, a bullish thesis for the altcoin. XRP traders at $0.44 on Wednesday, adding nearly 2% value on the XRP’s “Bent Fork” suggests potential for a price target around $15, with new projections now reaching $17. The cryptocurrency has remained in an accumulation phase for nearly 950

Ripple XRP Bent Fork: Dev Reveals $17 Target Analysis (3/5/17 Projection?)

Is XRP poised for a massive rally? Discover the latest "Bent Fork" analysis from Egrag Crypto (@egragcrypto), projecting a potential price target of $17 for Ripple\'s XRP! Despite the cryptocurrency market\'s current downtrend and XRP\'s sluggish price pace, this bullish thesis is gaining traction among analysts.

XRP Bent Fork Analysis Explained

The "Bent Fork" chart pattern suggests a significant upside potential for XRP. While historical data, particularly the 3/5/17 (or potentially 5/3/17 depending on date format) period, may offer clues, the current analysis focuses on identifying crucial zones for XRP to target. This updated analysis, despite the long accumulation phase (nearly 950 days), points towards a significant breakout.

Egrag Crypto, a notable voice in the XRP community (xrp xrpnews xrpnewstoday xrpripple xrplive ripple xrpcoin), has revised their XRP price target based on this Bent Fork analysis. Initial projections around $15 have now been updated, with the new target set at a potentially game-changing $17.

Key Takeaways: XRP and the $17 Target

  • Analyst Prediction: Egrag Crypto predicts a rally to $17 for XRP based on the Bent Fork chart.
  • Bullish Thesis: This analysis presents a bullish scenario for the altcoin, contrasting with the current market trend.
  • Price Movement: Even with XRP trading around $0.44 on Wednesday, adding nearly 2% value, the $17 target remains a long-term objective.
  • Disclaimer: Remember that this is an analysis and not financial advice. Always conduct your own research before investing in cryptocurrency.

Stay updated on the latest XRP news and analysis to understand the potential impact of the Bent Fork pattern and its implications for XRP\'s future price.

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