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Crypto analyst Egrag Crypto predicted that the price of XRP would increase by 8,400% to $44. Interestingly, the analyst suggested that crypto could still reach a high target values, calls the $44 price level “conservative.”
XRP Price Will Reach $44
Egrag Crypto predicted in the X post that XRP price it can reach $44. He highlighted this price level as one of the targets based on the current cycle and the Fib Channel. The $44 price level is a target based on the Fib 0.702 channel. Other price targets he mentioned were $13 and $27, based on the Fib 0.5 and 0.618 channels, respectively.
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The analyst is confident that the price of XRP will hit these price targets. He said that since the beginning of crypto, the chart showed that the market can expect pumps at these Fibonacci Channel levels. Egrag Crypto also suggested that XRP will reach these price targets this bull is runningthey say this is what the chart says.
Egrag’s label of these price targets as conservative also means that the price of XRP could still go higher in this bull run. The analyst did not provide an alternative price target, but other analysts are interested Javon Marks predicted that crypto can reach three digits. Marking recently predicted that XRP can go up to $200.
The analyst said that crypto came out of a Pennant pattern more than six years. He said the holding of this break and the Logarithmic Follow-Through after can send XRP to $200representing a price gain of over 30,000%.
Marks it is waiting XRP price to reach $3.3 in the short term, close to its current high (ATH) of $3.8. The analyst explained that from 2022, crypto has confirmed many the separation of hidden bulls and is on track to achieve a bull breakout.
According to him, this bull run will lead to a price gain of more than 450% as XRP reaches the $3.3 range. He added that this price release could be the beginning, especially since he believes that the crypto will still reach $200.
Worst Case scenario
Among these bullish forecasts for XRP priceEgrag Crypto also revealed the worst crypto situation in this market cycle. He wanted that XRP will reach at least between $2.3 and $5.89 in this bull run and explained two reasons why he believes that the crypto can reach at least these price targets no matter what.
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First, he noted that XRP was able to make 10x from the bottom after US Securities and Exchange Commission (SEC) He resigned in December 2020. He said that XRP could easily reach the $5-$ range if the same situation occurs after that. SEC complaint. He also added that the crypto may reach the Fib 1.618 level at around $6.5.
Second, he said the price of XRP could reach $2.31 and $2.88 if The price of Bitcoin reaches $80,000 and $100,000, respectively. He expects XRP to match BTC’s move, as it did in the 2021 bull run.
The featured image was created with Dall.E, a chart from Tradingview.com
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