XRP’s ‘Three Candle Formation’ Signals Potential Surge to $50—Here’s Why
XRP’s chart just flashed a bullish signal that could send prices soaring—or leave bagholders crying. The ‘Three Candle Formation,’ a rare technical pattern, suggests a potential breakout toward $50. Traders are buzzing, skeptics are eyeing their shorts, and the usual crypto circus is in full swing.
### The Setup: A Classic Crypto Pump Narrative
Forget fundamentals—this is all about the candles. The formation, spotted on XRP’s weekly chart, hints at a massive liquidity grab. If history rhymes (as crypto bros love to say), the next leg up could be violent. Or it could fizzle out like a meme coin on a Tuesday.
### The Target: $50 or Bust
Yes, $50. No, that’s not a typo. The pattern’s implied target aligns with hopium-fueled predictions from XRP maximalists. But let’s be real: hitting that would require a market cap even Wall Street would side-eye. Then again, this is crypto—where ‘impossible’ just means ‘not yet memed.’
### The Catch: Gravity Exists
Regulatory hurdles? Check. Whale manipulation risks? Double-check. A community that’s equal parts cult and hedge fund? Absolutely. XRP’s path to $50 isn’t just technical—it’s a minefield of ‘ifs.’ But hey, since when has rationality stopped a good FOMO rally?
### Bottom Line: Trade It, Don’t Marry It
Crypto moves fast. This pattern could print generational wealth—or become another ‘trust the TA’ cautionary tale. Either way, grab your popcorn (and maybe a stop-loss). After all, in finance, the only thing sharper than a candlestick wick is the irony of hindsight.
XRP Three Candle Formation | EGRAG Crypto
Nonetheless, this time, the consolidation only lasted for five months, particularly from July to November 2017. Expectedly, after this second consolidation, another breakout ensued, resulting in a more conservative rally of 1,506% to $3.8 by January 2018.
Latest Formation Could Lead to XRP Rally to $10 or $50
After this, the "three candle formation" failed to materialize again until late 2023, during the time EGRAG first made his analysis. Data from the analyst's chart shows that XRP rose 0.84% in September 2023, 16.54% in October 2023, and then 1.05% in November 2033. This resulted in the three-candle formation.
At the time, EGRAG noted that what WOULD follow is consolidation. However, he presented two pathways. In the first path, XRP would consolidate for 5 months and then rally 1,500% to $10. Meanwhile, in the second path, XRP would range for 12 months and then surge 8,000% to $50.
Interestingly, XRP consolidated for 12 months and then broke out in November 2024 during the Trump-led rally. However, this rally has faced a roadblock, leading to months-long consolidation. Despite this, EGRAG has again called attention to the initial analysis, suggesting that the structure is still in play.
https://twitter.com/egragcrypto/status/1942905084913852874
According to him, XRP market OGs can "see the future," having persisted in their targets while everyone else was against them. During his initial analysis, he suggested that the average of both targets is $30, aligning with his long-standing $27 goal.
Currently, XRP changes hands at $2.82, up 7.61% over the past 24 hours. For XRP to reach the $10 target from here, it would need to rise 131%. However, a rally to $27 would demand a 1,015% increase, while the $50 target would necessitate a 1,966% rise.
