Crypto Analyst Predicts XRP Price Will Surge 800% To Reach $5 In The Next 90 Days
January 17 2024 - 4:00PM
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Crypto analyst Egrag Crypto recently made a bold prediction as to
the future trajectory of the XRP price and asserted when exactly
the crypto token will hit this price level. Considering XRP’s
current price level, it will no doubt be interesting to see how
this prediction plays out. “XRP To $5 In 90 Days” Egrag
mentioned in an X (formerly Twitter) post that XRP will rise to $5
in 90 days. The analyst also suggested that this price surge was
just the beginning of XRP’s meteoric rise, as he said that the $5
range will mark the “initial wave 1 of a prolonged bull market.”
This bull market, he expects, will span for several months,
possibly enough time for XRP to hit all of Egrag’s bullish
targets. Related Reading: Crypto Community Raises Alarm Over
Coinbase’s Dominance Of Bitcoin Held In Spot ETFs The analyst
outlined these bullish targets in a subsequent post as he noted
that they remain unchanged. Egrag predicts that XRP will hit $1.2,
$1.6, $7.5, and $13 on its way to $27. He had previously laid out a
narrative as to why XRP will surge by over 4000% to hit $27.
According to him, XRP hitting this price level was a real
possibility considering that the token had in 2017 risen by
61,000%. Egrag happens to be one of the analysts who are most
bullish on XRP’s future despite its current price action. His most
bullish prediction to date remains how XRP could rise to $2,500 by
2029. All this while, he has also urged XRP holders to be more
patient as good things lie ahead for those who will stick
around. Notably, Egrag credits his conviction to the amount
of research he has put into studying XRP’s price movement over the
years. Another reason why he seems to have become more bullish on
XRP is because of the regulatory clarity that it enjoys. He once
noted that this places XRP as the “safest investment choice.” Token
price at $0.56 | Source: XRPUSD on Tradingview.com A Further
Analysis Of XRP Price Chart In the meantime, Egrag believes that
the $0.55 level stands as “significant support for XRP,” and he
doesn’t see the weekly candle closing below the $0.50 level. He
further noted that the “edge of the atlas line looms at $0.43.”
However, he is not anticipating XRP dropping to that price level.
Instead, he is choosing to focus on the bigger picture. Related
Reading: Bitcoin Gearing Up For Recovery As Large Whales Stop
Moving Old Coins Meanwhile, crypto analyst Crypto Rover also
recently predicted that a parabolic breakout is on the horizon for
XRP. Just like Egrag, he provided a timeline, saying it would
happen in the “upcoming 8 weeks.” However, His prediction looks
more conservative than Egrag’s $5 prediction, as the chart Rover
shared showed that XRP could rise to just over $1. At the time of
writing, XRP is trading at $0.57, according to data from
CoinMarketCap. Featured image from CryptoRank, chart from
Tradingview.com
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