XRP potentially reaching $13 based on a specific trend.

crypthub

about 9 hours ago

BNB's Potential and Gold Comparison

Analyst EGRAG predicts Binance Coin (BNB) could reach $2,000, continuing its upward momentum. BNB recently outperformed other major cryptocurrencies, setting a fresh all-time high of $1,350. EGRAG noted a notable correlation between BNB’s price behavior and gold’s over longer timeframes. He sees a similar technical setup in BNB, replicating gold's past pattern after a period of consolidation.

XRP’s Future Trajectory

EGRAG also drew parallels between XRP’s structure and BNB’s historical pattern, suggesting XRP could mirror BNB’s trajectory. XRP initially dropped below a significant trendline following its 2018 peak. The analyst believes XRP is positioned for a comparable advance if it continues to follow BNB’s lead.

Projected XRP Price Target

Based on BNB’s progress, EGRAG projects XRP could eventually rise toward the $13 mark. This potential increase would represent a significant advance from its current level. While short-term trends differ, both assets share a similar foundation of prolonged consolidation and recovery above key resistance levels.