XRP Price Surge Could Hit 9,470% — Analyst Predicts $27 Target In Bold Forecast
2024年9月20日 - 10:00PM
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Market analyst EGRAG Crypto created much buzz with his sensational
XRP predictions — a possible spike of up to 9,468%. Based on
historical price patterns and market cycles, this projection has
caused quite a stir in the crypto community. EGRAG disclosed his
prognosis via X (formerly Twitter), representing various scenarios
that can impact the course of XRP, bringing together aggressive and
conservative price estimates. Related Reading: Cardano Goes Bullish
On-Chain: Can ADA Price Catch Up? Fundamentally, his estimate is
based on a critical price point: the current cycle bottom of XRP
set at $0.28. According to EGRAG, the development of the token
depends on this level. Should XRP maintain above it, we could see a
big increase in value. From here, the analyst charts five possible
price goals; the most cautious estimates a 932% rise. #XRP 5 Colors
/ 5 Scenarios – ⚪️🟡🔴🔵🟢 Choose Your Color! For illustration, I’m
using FIVE COLORS to break down where #XRP could go based on
historical pumps 📊—keeping in mind that this cycle’s bottom is
$0.28. Let’s dive into the colors and their pump potentials: ⚪️…
pic.twitter.com/PBBOyEv1Hz — EGRAG CRYPTO (@egragcrypto) September
18, 2024 Five XRP Growth Scenarios Under EGRAG’s first scenario,
XRP increases to $3, slightly under its all-time high of $3.31.
This shows a significant comeback for the digital asset even though
it would not set records. With a 1,563% price rise, the following
scenario is more hopeful and would drive XRP to $4.85. This price
would be the first time XRP surpassed its previous peak, marking a
new high for the token. But it doesn’t stop there. EGRAG also
predicts a 2,030% rise, which would send XRP soaring to $6.22. He
then shows an even more ambitious 2,530% increase to $7.68. EGRAG
claims that these higher targets could come true if XRP crosses
what he refers to as the “actual wake-up line,” a crucial trendline
in his study. If the altcoin keeps on its path of ascent, a
possibility for more profits could materialize. XRP’s Steady Rise
And Stability Notwithstanding these audacious forecasts, one of
XRP’s most remarkable qualities in recent months has been its
stability. For 2,650 days, XRP has maintained above a critical
price level—referred to as the “Bifrost Bridge”—EGRAG notes. Solid
market support is indicated by this flow, which EGRAG claims is an
essential gauge of the value of the token. It has not exhibited
indications of breaking down 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 what’s fascinating is that the Bifrost
Bridge is STILL holding strong for #XRP! 💪 This high time frame
adds major weight and significance to what we’re seeing here! 🔥 For
nearly 2,650… pic.twitter.com/teMKCrX4uF — EGRAG CRYPTO
(@egragcrypto) September 19, 2024 Related Reading: Solana Active
Addresses Hit 75 Million As SOL Breaches $140 XRP has been steadily
rising since its 2017 debut, flitting through periods of uptrends
and consolidation, the analyst said. He noted that the present
phase is “quite bullish,” indicating more higher momentum. The fact
that the coin withstands market volatility adds to its appeal.
Bullish Sentiment And Long-Term Outlook EGRAG’s study’s most
dramatic finding may be its most hopeful: a 9,468% price increase.
If this happens, XRP might hit $27 per token. This estimate seems
implausible, but EGRAG emphasizes that it is based on past pricing
trends and uses only half of past wick measurements, keeping it
grounded. Featured image from HiNeon, chart from TradingView
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