• Analyzing multiple indicators and chart patterns can help predict market trends and improve the accuracy of trading decisions.
• The cup formation on XRP’s chart signals a potential price breakout, with a target price of $13 on the horizon.
• Despite XRP’s current price of $2.43, relying on various signals is essential for traders to navigate market fluctuations effectively.

The analyst Egrag made an opinion about XRP placing its potential into the marketplace. On Wednesday, in an Xpost, he affirmed that focusing on multiple indicators, charts, and patterns would help to predict trends in the market. According to the analysts, an increase in the number of signals leads to more accurate probability estimates and better decisions by trading personnel.

#XRP: Double Digits This Cycle, Triple Digits Next! ‘JUST DO IT Chart UPDATE’

⚪️ Let’s build the chart together! 📊
To improve our chances of hitting our targets, we need to use multiple indicators, charts, and patterns. The more signals we collect, the better our odds of… pic.twitter.com/6Am1bZyjkc

— EGRAG CRYPTO (@egragcrypto) February 12, 2025

Thus, Egrah focused on a particular formation taking place in the XRP’s chart, namely cup formation. This technical formation is usually interpreted as the signal for the price to move up. For the price of XRP, analyst observes that it is right on the move as foreseen, with the cup pattern breakup set in motion. He observed that the pattern had evolved as it was expected to in an ellipse curve; a sign that was clear to the traders.

XRP Price Surge Potential

One of the questions that emerged from his analysis was the price of token at this bullish process. On the basis of Egrag’s estimation it seemed that the target of $13 would be possible. Though this is still an expectation, it forecasts a steep rise, which could have a great significance for the alt coin. At the moment if XRP reached to $13 it would rise heavily and attract more trader and investors with the intention to buy that currency.

The cup pattern is one of the most popular technical formations of the market that shows a further trend once a break occurs. Egrag highlighted that the current cup pattern is in tandem with normal market pattern and he gave a positive signal about the token that it may take brewing to go for a steep up move. 

XRP Market Volatility 

He also stressed the importance of adopting more than the chart pattern as a prevailing focal indicator. He continued in the same breadth that since the cryptocurrency market cannot be quickly predicted, a number of aspects would help in minimizing unreliable results. In this case, traders will be in a better place to take advantage of the price changes in the environment due to the availability of a wide range of signals.

XRP is currently priced at $2.43 which is 2.19% down compared to the previous 24 hours. In the past one week, the market has exhibited a decline in the value of the digital asset by 4.60%. The trading volume of XRP is $3.95, billion in 24hrs showing active trading regardless of the occasional change in price of the token.

Source: TradingView

Another crucial focus that everyone is waiting is whether the cryptocurrency will break the $13 price range. If this proves true, it would be a big shot for XRP as it marks it as an established currency in the cryptocurrency trade market.