Market analyst EGRAG Crypto created a lot of buzz with his sensational XRP price predictions – a possible increase of up to 9,468%. Based on historical price patterns and market cycles, this projection has caused quite a stir in the cryptocurrency community. EGRAG revealed his forecast via X (formerly Twitter), depicting various scenarios that may affect the course of XRP’s price, gathering both aggressive and conservative price estimates.
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Fundamentally, their estimate is based on a critical price point: the bottom of the current cycle. XRP The price of XRP has been set at $0.28. According to EGRAG, the development of the token depends on this level. If XRP stays above it, we could see a huge increase in value. From here, the analyst draws five possible price targets; the most cautious one estimates a 932% increase.
#XRP 5 colors / 5 scenarios – ⚪️🟡🔴🔵🟢 Choose your color!
As an illustration, I use FIVE COLORS to break down where #XRP It could continue based on historical increases 📊, taking into account that the minimum of this cycle is $0.28.
Let’s dive into colors and their pumping potentials:
⚪️… image.twitter.com/PBBOyEv1Hz
— EGRAG CRYPT (@egragcrypto) September 18, 2024
Five growth scenarios for XRP
In EGRAG’s first scenario, XRP surges to $3, slightly below its all-time high of $3.31. This shows a significant recovery for the digital asset, although it would not set records. With a price increase of 1,563%, the next scenario is more hopeful and would take XRP to $4.85. This price would be the first time XRP surpasses its previous peak, which would mark a new high for the token.
But it doesn’t stop there. EGRAG also predicts a 2,030% surge, which would see XRP skyrocket to $6.22. It then shows an even more ambitious 2,530% surge to $7.68. EGRAG claims that these higher targets could become a reality if XRP crosses what it calls the “true awakening line,” a crucial trendline in its study. If the altcoin continues on its upward path, a chance for further gains could materialize.
The steady rise and stability of XRP
Despite these bold predictions, one of XRP’s most notable qualities in recent months has been its stability. For 2,650 days, XRP Bitcoin’s price has remained above a critical level, known as the “Bifrost bridge,” EGRAG notes. This flow indicates strong market support, which EGRAG says is an essential indicator of the token’s value. It has shown no signs of collapsing even in the face of market swings.
#XRP Bifrost Bridge – 2,650 days:
The chart below is based on a 3 month time frame and the fascinating thing is that the Bifrost Bridge is STILL holding strong. #XRPThis elevated time frame adds significant weight and meaning to what we are seeing here! 🔥
For almost 2,650… image.twitter.com/teMKCrX4uF
— EGRAG CRYPT (@egragcrypto) September 19, 2024
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The analyst stated that XRP has been steadily rising since its debut in 2017, going through periods of uptrend and consolidation. He noted that the current phase is “quite bullish,” indicating further momentum. The fact that the coin is resilient to market volatility adds to its appeal.
Bullish sentiment and long-term outlook
The most dramatic finding from EGRAG’s study may be the most hopeful: a 9,468% price increase. If this happens, XRP could reach $27 per token. This estimate seems far-fetched, but EGRAG emphasizes that it is based on past price trends and uses only half of previous wick measurements, which makes it stand up.
Featured image from HiNeon, chart from TradingView
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