Crypto analyst Egrag Crypto recently made a bold prediction about the future trajectory of the XRP price and claimed when exactly the crypto token will reach this price level. Whereas The current price level of XRPit will undoubtedly be interesting to see how this prediction plays out.
“XRP to $5 in 90 Days”
Eggag mentioned in an X (formerly Twitter) after that XRP will rise to $5 within 90 days. The analyst also suggested that this price increase was just the cause beginning of the meteoric rise of XRP, while he said the $5 range will mark the “first wave 1 of a long-term bull market.” He expects this bull market to last several months, possibly enough time for XRP to achieve all of Egrag’s bullish targets.
The analyst outlined these bullish targets in a subsequent post, as he noted they were stays unchanged. Egrag predicts that XRP will reach $1.2, $1.6, $7.5 and $13 on the way to $27. He had laid earlier a story on why XRP will rise over 4000% to $27. According to him, reaching this price level for XRP was a real possibility, given that the token had done so in 2017 increased by 61,000%.
Egrag happens to be one of the analysts who are nevertheless most optimistic about the future of XRP current price action. His most optimistic prediction yet remains that XRP could rise to $2,500 by 2029. He has been insisting on it all this time XRP holders to be more patient as good things lie ahead for those who stay.
Egrag owes his belief mainly to the amount of research he has put into studying the price movements of XRP 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 makes XRP the “safest investment choice.”
Token price at $0.56 | Source: XRPUSD on Tradingview.com
A further analysis of the XRP price chart
In the meantime, Egg believes the $0.55 level is “significant support for XRP,” and he sees the weekly candle close below the $0.50 level. He further noted that the “edge of the atlas line looms at $0.43.” However, he does not expect XRP to drop to that price level. Instead, he chooses it focus on the bigger picture.
Meanwhile, also crypto analyst Crypto Rover recently predicted that there is a parabolic breakout on the horizon for XRP. Like Eggrag, he gave a timeline, saying this would happen in the “next eight weeks.” However, his prediction looks more conservative than Egrag’s prediction of $5, 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 facts from CoinMarketCap.
Featured image from CryptoRank, chart from Tradingview.com
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