Well-known Crypto analyst Egrag Crypto believes the recent pullback does not mean the XRP bull run has ended. In fact, he says XRP still has one more leg up ahead. With his latest chart and comments focused on key signals that remain intact, Egrag is urging the community to stay strong and steady while waiting for the next significant move.
Egrag Crypto Rejects Talk Of XRP Bull Run Ending
Egrag Crypto says there are no clear signs that the XRP bull run is over yet. According to him, the charts indicate that the altcoin has not lost any body candle structures, and the price action remains healthy on the higher timeframes.
The analyst also notes that XRP has not fallen below any significant Fibonacci targets. Traders often use Fibonacci levels to measure support and resistance, and Egrag highlights that these key levels are still holding. It’s another reason he disagrees with those who are calling for the bull run to be over.
Additionally, he places strong emphasis on the fact that XRP remains above the 21-day Exponential Moving Average (EMA) on the monthly chart. In his view, the position of the asset above this moving average is a significant signal that indicates strength and resilience in the current price structure. He stresses that as long as the token remains above this crucial level, the larger bullish case will stay intact and supported by the charts.
One More Leg Up Ahead
Egrag makes it clear that he will not declare the bull run over unless all these signals break at the same time. If XRP loses its candle structures, drops below Fibonacci targets, and falls under the 21 EMA, then he might change his view. However, since none of these things have happened, he remains firmly in the bullish camp.
The analyst says that there is still another significant upward move ahead for XRP. In his view, this final leg up will be the push that proves the bull run is still alive. He says the community should expect one more strong rally before they take any real talk of a bull run end seriously.
Egrags’ message to the community highlights one of the strengths and patience. He tells them to “stay steady and strong” because the next rally could send prices flying much higher. Egrag is confident that holders will rise one more time together and enjoy the rewards of staying the course.
With his bold outlook, Egrag is sounding an alarm that the XRP bull run continues. For him, the charts indicate the cryptocurrency still has the structure and support it needs to make another big move. The only question now is when that leg up will begin.
Featured image from DALL.E, chart from TradingView.com
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