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Crypto analyst Egrag Crypto has made a bold prediction that the XRP price can reach a market capitalization of $ 1.5 trillion. He revealed how the Altcoin can reach this milestone by referring to technical indicators, which show the measured relocation of this current market capitalization to a market capitalization of $ 1.5 trillion.
How the XRP price can reach $ 1.5 trillion market cap
In one XEgrag Crypto stated that the Logarithmic movement could send the XRP price to around $ 1.5 trillion market capitalization, with the FIB 1,618 by around $ 500 billion. In the meantime, the non-logarithmic movement will set the Altcoin to around $ 270 billion, tailored to the FIB 1.618.
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The Crypto analyst noted that he sees two potential growth levels by measuring the previous cycle, the switch from FIB 1.0 to FIB 1.618. Based on this, he predicts an increase of 242% and an increase of 600%. He then emphasized the four possible goals from the lowest to the highest. The first is the projected XRP price rally to one $ 270 billion market capitalization In accordance with the non-logarithmic measured movement.
The second target is a 242% XRP price rally to a market capitalization of $ 450 billion, The move of the previous cycle From FIB 1.0 to FIB 1.618. The third target is another rally of 242% to a market capitalization of $ 978 billion. In the meantime, the rally to a market capitalization of $ 1.5 trillion is the last target, with the non-log pattern measured for a maximum of potential.
Egrag Crypto emphasized what the XRP price could be based on its current circulating range of 58.68 billion if it reaches these market capital objectives. The price of the Altcoin is $ 4.60, $ 7.66 and $ 16.65 if it reaches $ 270 billion, $ 450 billion and $ 978 billion market caps respectively. In the meantime, XRP will hit $ 25.56 if it achieves the milestone of $ 1.5 trillion market capitalization.
Another analysis to support this price project
In another XPredicted Egrag Crypto that the XRP price can reach between $ 13 and $ 22 based on its analysis of the annual graph of the Altcoin. He stated that Candle 13 will be the breakout candle, which will lead to the rally up to $ 13 or $ 22Where the wick may extend even higher.
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He noted that by analyzing Candle 9, the annual Candle 2021, and the full exercise of a profit of 800%, which applied this increase 13 points to an XRP price objective of approximately $ 17. He added that this perfectly excludes between line 1 for $ 13 for $ 22. Egrag Crypto has also predicted That the Altcoin could collect up to $ 27 in 60 days, in accordance with the $ 1.5 trillion market capital projection.
At the time of writing, the XRP price acts according to around $ 2.28, in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Getty Images, Chart van TradingView.com