‘Super Guppy’ Indicator Shows XRP Is Ready For A Surge To $99

Scott Matherson

9 months ago

3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

XRP might be currently trading around half a dollar, but both its fundamentals and technical analyses suggest that a surge of epic proportions is brewing under the covers. One such is the “Super Guppy” indicator, which projects a notable rally to many price points leading up to $99.

This bullish signal was highlighted on social media platform X (formerly Twitter) by renowned crypto analyst EGRAG CRYPTO, who emphasized that the Super Guppy’s history of predicting price jumps might soon repeat itself. Given its past accuracy in signaling major market movements, the current setup has positioned XRP for what the analyst refers to as a “Mega Pump,” suggesting that the cryptocurrency is about to experience a rally of epic proportions.

Explaining The ‘Super Guppy’ Bullish XRP Signal

The Super Guppy is a less popular indicator that uses multiple exponential moving averages to highlight trends and anticipate a potential breakout in an asset’s price. EGRAG’s recent use of this unique indicator comes as an update to an interesting analysis that dates back to October 2022.

In his latest assessment, EGRAG employed the XRP/USD price chart on a 5-day candlestick timeframe, using the Super Guppy to map out historical patterns of bear and bull markets.

Specifically, the Super Guppy shows a recurring sequence: significant bearish downturns, marked in red, followed by impressive bullish surges, represented in green. This cycle of downturns and rallies is a critical signal for potential breakout phases in XRP’s price trajectory.

According to EGRAG’s chart, the first notable bearish trend occurred between 2015 and 2016, which eventually gave way to a strong bull cycle in 2017, culminating in XRP reaching its current all-time high in 2018. The Super Guppy Indicator also showed a repetition of these trends between 2019 and 2022.

XRP is currently trading at $0.58. Chart: TradingView

Next Phase: Bullish Move To The Upside

Now, it seems the Super Guppy indicator is showing that another bearish phase has been completed with the recent XRP price action in the crypto industry. As such, the next phase is a bullish run to the upside. In terms of a price prediction, EGRAG, who is known for his bullish stance on XRP, noted three price targets.

The first target is set at $3.37, which closely aligns with XRP’s current all-time high. Reaching this level would require a 470% increase from the current price. The second target is more ambitious at $13.69, representing a bigger 2,220% increase from the current price. However, the most eye-catching prediction is EGRAG’s third price target of $99.24, a strong leap that would mark an extraordinary 16,748% surge from XRP’s present price.

At the time of writing, XRP is trading at $0.5887 and is up by 2.16% in the past 24 hours.

Featured image from Fortune, chart from TradingView

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.