XRP Price Set For 3,000% Rally To $22, Analyst Predicts

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Crypto expert Crypto Egrag shares new insights: After accurately forecasting XRP‘s price drop, he now anticipates the subsequent action for the digital token.

XRP Price Could Rise To As High As $22

In a recent post on X (previously known as Twitter), Egrag expressed his belief that XRP could experience a significant increase, potentially ranging from 1000% to 3000%. He admitted that given the current market circumstances, this prediction might be challenging for some to imagine. Nevertheless, he pointed out that based on historical data from 2017 or 2021, XRP’s price could rise to between $10 and $22 instead.

Egrag pointed out that XRP had reached the lower price point he had forecasted, implying that this dip made it ripe for a dramatic surge. In his previous assessment, the analyst had projected that XRP could decline to as little as $0.44, which occurred on April 13. Since then, the token has rebounded and aims to surpass the $0.50 barrier before experiencing a significant price increase.

Crypto expert Lunc Maxi recently made an analysis that aligns with Egrag Crypto’s perspective. Maxi displayed XRP‘s daily graph and pointed out its striking resemblance to 2017, even sharing the same price drop. If XRP continues in this vein based on 2017 trends, there is a higher chance of XRP reaching $22 rather than merely stopping at $10 – as suggested by Egrag’s chart, which indicated that such a move would propel the crypto token to that price point.

XRP’s Short-Term Price Target

In an upcoming X post, Egrag proposed a potential short-term rise for XRP to $1.4. Although he acknowledged the possibility of additional price drops preceding this upward trend, he emphasized that XRP buyers have displayed resilience against bearish selling pressure. Consequently, it’s likely not much longer before buyers regain dominance and significantly push up XRP’s value.

XRP supporters were encouraged by him not to lose heart during price drops, viewing them as chances for buy orders to be executed and potentially transformative events for investors. The potential rise of XRP to significant prices could bring about life-changing gains for its holders, but it’s uncertain if the crypto token will reach such levels given its current lackluster performance.

Currently, XRP is priced at approximately $0.49 during this composition, representing a nearly 4% decrease within the past 24-hour period based on information from CoinMarketCap.

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2024-04-17 02:10