Top Analyst Sets Multiple XRP Targets Upon Retest of Hestia Line, with Ultimate Goal at $33

Prominent market analyst EGRAG sets multiple price targets for XRP in anticipation of a retest of the “Line of Hestia,” with an ultimate goal of $33.

XRP has been the focus of intense market speculation. The latest analysis by EGRAG, a well-known market analyst, highlights an intriguing roadmap for XRP’s future price movements. The latest post built on a previous report in which he explained the idea behind the roadmap.

The Phobos, Hestia and Hermes Lines

His insights are built around three pivotal trend lines: Phobos, Hestia, and Hermes. Each of these lines signifies distinct market dynamics, which could dramatically influence XRP’s trajectory. It spotlights the Phobos Line, the Hestia Line, and the Hermes Line, each embodying unique market sentiments. 

In a September 2023 post, EGRAG spotlighted the Phobos Line as a psychological marker. When XRP’s price dips below this line, it triggers fear and uncertainty among investors. This fear can lead to panic selling, creating a bearish market sentiment. 

Conversely, the Hestia Line represents stability. Named after the goddess of hearth and home, this line offers a sense of tranquility to the market. Historically, when XRP finds support at the Hestia Line, it leads to significant price increases. EGRAG’s data shows that touching this line has previously resulted in price pumps ranging from 80% to as high as 6600%. 

The Hermes Line, named after the god of trade and travel, symbolizes upward momentum. When XRP aligns with the Hermes Line, it often experiences rapid price ascents. This line serves as a catalyst for bullish runs, propelling XRP to new heights.

XRP Targets $33 Upon Retest of Hestia Line

In his latest update, EGRAG outlines several price targets for XRP based on historical data and XRP’s behavior. His projections include a range of potential price points, with the ultimate target set at $33.50. This ambitious goal is grounded on an analysis of XRP’s price movements when it touches the Hestia Line.

#XRP Dynamics of #XRP: Phobos, Hestia, and Hermes(UPDATE):
(Price Targets: 0.90c, $1, $1.36, $7.72, $15.35 & $33.50)

For better clarify check the post from 10th of September 2023https://t.co/WNgTKmtAXE

Focusing on the “Line of Hestia”:
A) Historical data indicates that every… pic.twitter.com/kjv3IH7N2S

— EGRAG CRYPTO (@egragcrypto) May 12, 2024

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EGRAG points out that historical data shows significant price increases when XRP touches the Hestia Line. These increases have varied, with the most notable being a 6600% surge. Based on an initial price of $0.50, a similar 6600% increase would catapult XRP to $33.50, representing a new all-time high. 

Other projections include a 1444% rise to $7.72 and smaller yet significant increases to $1.00, $0.90, and $1.36, corresponding to 100%, 80%, and 171% increases respectively. However, on average, these historical pumps equate to a 2969% increase. If XRP rallies by this average rate, its price would surge to $15.35.

Meanwhile, XRP currently changes hands at $0.5243, having sealed its position above the $0.51 psychological threshold. Despite retaining a 4% gain over the past week, XRP trades below the 50-day EMA at $0.5394 and the 200-day EMA at $0.5830.