Analyst Says the Math Checks Out for XRP to Repeat Its Past Bull Cycles
- A new analyst model suggests XRP’s price could mirror its explosive 2017 or 2021 bull cycles
- The forecast is supported by strong fundamentals, including rising institutional demand and ETF hype
- The model’s R-squared value shows an 85% statistical correlation to XRP’s past bull runs
An analyst says the math checks out for XRP to be repeating its past bull cycles, based on a new forecast model that shows a statistically significant correlation. Analyst Egrag Crypto’s latest prediction suggests the XRP price continues to mirror its 2017 and 2021 bull runs, laying out a historical blueprint for the current cycle.
How Does the Analyst’s XRP Forecast Model Work?
Egrag Crypto’s forecast uses a technical model on the monthly time frame to map XRP’s potential path. The core of the analysis is a 2-standard deviation model which shows a high probability that XRP’s price is repeating a similar fractal pattern to the prior two cycles. A key data point is the model’s R-squared value of 0.84754.
“Current R-squared: 0.84754, indicating a highly fitting model. This means approximately 84.75% of the variance…can be explained by the independent variable,” Egrag noted.…
The post Analyst Says the Math Checks Out for XRP to Repeat Its Past Bull Cycles appeared first on Coin Edition.
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Analyst Says the Math Checks Out for XRP to Repeat Its Past Bull Cycles
- A new analyst model suggests XRP’s price could mirror its explosive 2017 or 2021 bull cycles
- The forecast is supported by strong fundamentals, including rising institutional demand and ETF hype
- The model’s R-squared value shows an 85% statistical correlation to XRP’s past bull runs
An analyst says the math checks out for XRP to be repeating its past bull cycles, based on a new forecast model that shows a statistically significant correlation. Analyst Egrag Crypto’s latest prediction suggests the XRP price continues to mirror its 2017 and 2021 bull runs, laying out a historical blueprint for the current cycle.
How Does the Analyst’s XRP Forecast Model Work?
Egrag Crypto’s forecast uses a technical model on the monthly time frame to map XRP’s potential path. The core of the analysis is a 2-standard deviation model which shows a high probability that XRP’s price is repeating a similar fractal pattern to the prior two cycles. A key data point is the model’s R-squared value of 0.84754.
“Current R-squared: 0.84754, indicating a highly fitting model. This means approximately 84.75% of the variance…can be explained by the independent variable,” Egrag noted.…
The post Analyst Says the Math Checks Out for XRP to Repeat Its Past Bull Cycles appeared first on Coin Edition.
Read More
Uptober Rally: Ethereum Eyes $4,505 Breakout, XRP Whales Accumulate 250M Tokens