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Market analyst EGRAG Crypto has created a lot of talk with his sensational predictions for XRP – a possible rise of up to 9,468%. Based on historical price patterns and market cycles, this speculation has caused an uproar in the crypto community. EGRAG revealed his prediction for X (formerly Twitter), which represents the various conditions that can influence the direction of XRP, combining aggressive and conservative price estimates.
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Basically, his estimation is based on a key price point: the current cycle low of XRP is set at $0.28. According to EGRAG, the development of the token depends on this level. If XRP holds above it, we could see a big increase in value. From here, the analyst charts five possible price targets; the most conservative estimates increased by 932%.
#XRP 5 Colors / 5 Scenes – ⚪️🔴🔵🟢 Choose Your Color!
To illustrate, I use FIVE COLORS to distinguish where #XRP can move based on historical pumps 📊—remembering that the bottom of this cycle is $0.28.
Let’s get into the colors and its pump power:
⚪️… pic.twitter.com/PBBOyEv1Hz
– EGRAG CRYPTO (@egragcrypto) September 18, 2024
Five Scenarios for XRP Growth
Under EGRAG’s initial scenario, XRP rises to $3, slightly below its $3.31 high. This marks a significant return for digital assets although it won’t set records. With a 1,563% price increase, this next trend is very optimistic and could drive XRP to $4.85. This price will be the first time that XRP has exceeded its previous peak, marking a new high for the token.
But it doesn’t end there. EGRAG is also predicting a 2,030% increase, which would send XRP up to $6.22. He then showed a very ambitious increase of 2,530% to $7.68. EGRAG says that this lofty goal could be achieved if XRP crosses what he refers to as the “true wake line,” which is an important line in his research. If the altcoin continues its upward trajectory, the opportunity to earn more profits is possible.
XRP’s Steady Rise And Stability
Despite these wise predictions, one of the most notable qualities of XRP in recent months has been its stability. For 2,650 days, XRP has been kept above a critical price level—the so-called “Bifrost Bridge”—EGRAG notes. Strong market support is indicated by this flow, which EGRAG says is an important gauge of the token’s value. It showed no signs of slowing down even when the market fluctuated.
#XRP Bifrost Bridge – 2,650 days:
The chart below is based on a 3 Month Time Frame and interestingly the Bifrost Bridge is STILL holding strong #XRP! 💪 This high time adds great weight and importance to what we see here! 🔥
About 2,650… pic.twitter.com/teMKCrX4uF
– EGRAG CRYPTO (@egragcrypto) September 19, 2024
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XRP has been steadily rising since its 2017 debut, going through periods of development and consolidation, the analyst said. He noted that the current phase is “very bullish,” indicating more momentum. The fact that the coin is resistant to market volatility adds to its appeal.
Bullish Sentiment and Long-Term Outlook
The most surprising finding of the EGRAG study may be the most optimistic: a price increase of 9,468%. If this happens, XRP could hit $27 per token. This estimate seems unlikely, but EGRAG insists that it is based on past price trends and uses only half of past wire estimates, to keep it grounded.
Featured image from HiNeon, chart from TradingView