Prominent crypto analyst Egrag Crypto has recently drawn attention to VeChain (VET) and XRP, two cryptocurrency tokens that may be on the verge of dramatic price inclines. He went further to elaborate possible price milestones that investors can anticipate these coins to accomplish.
Diving into the specifics, VeChain, according to the analysis, could see a substantial rise to an impressive $2.5. This prediction stems from a chart shared by Egrag on X (previously known as Twitter). The chart suggests that VeChain, in its market zenith, could potentially reach the $2.5 mark. The prognosis is based on an intricate breakdown of price movement into three distinct targets, with the first being the yellow channel as highlighted on the shared chart.
The attainment of this target would yield a surge of 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. This is 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. On the back of his analytical insight, Egrag has repeatedly displayed a bullish outlook for the VeChain token. Back in February, he speculated that this digital currency could see a staggering 140x price rise, provided it echoes its 2021 price pattern when it increased by an impressive 14.638%.
Turning his gaze to XRP, he shared his optimistic interpretation of the token’s future on a separate X post. Citing the token’s double formation as a solid bullish signal, he expressed strong conviction that the anticipated upturn will unfold shortly. This latest forecast serves to bolster a prior prediction where he forecasted that XRP may soon hit the $1.4 mark.
Given the recent build-up of bullish sentiments, Egrag encouraged XRP token holders to maintain stance and vigilance in anticipation of potentially game-changing windfalls that could stem from a parabolic surge of the token. Despite XRP’s less than satisfactory recent price performance, Egrag has continued to bet on its potential to rocket as high as $27 during its market peak.
At the moment of reporting, XRP is trading at roughly $0.54 with a positive trajectory in the past 24 hours, as per data available on CoinMarketCap. Looking at VeChain’s pricing, it is currently pegged at $0.04 according to trading data from Tradingview.com. Egrag’s predictive analysis paints a hopeful future for these tokens and offers investors a tantalizing glimpse into the potential profit that these digital currencies could rake in.
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