Crypto Analyst Predicts 600%-1000% Return For XRP, Here’s The Target
March 29 2024 - 7:00PM
NEWSBTC
A cryptocurrency analyst has predicted a massive price surge for
XRP, anticipating the cryptocurrency to witness a more than 600%
increase. Despite its historically sluggish growth, XRP has begun
to gather momentum, showing potential to experience major price
growth during the 2024 bull run. Price Projected To Soar
Above $5 A crypto analyst identified as Egrag Crypto has taken to X
(formerly Twitter) to predict an exponential price surge for XRP.
According to Egrag Crypto XRP is “guaranteed” to experience a 600%
to 1000% increase to new all-time highs around $5.5. Related
Reading: The Bulls Are Back: Spot Bitcoin Inflows Surge With New
Records Basing his predictions on XRP’s historical data from 2017,
the analyst shared a chart illustrating XRP’s price movements over
the years. He delved into the cryptocurrency’s minimum and shortest
price pumps observed when the 21 Exponential Moving Average (EMA)
crosses the 55 Moving Average (MA). The crypto expert disclosed
that in 2017, the altcoin witnessed a significant price surge of
approximately 902.85%, driving its price to $0.0646 at the time.
Around 2021, the cryptocurrency recorded another pump, surging by
about 585.29% to trade above the $1 price mark. Following
historical trends, XRP is anticipated to undergo a substantial
surge of 585.20%, reaching a price level of about $3.26 in 2024.
The analyst has revealed that if XRP manages to achieve a 900% or
585% price pump, it could potentially rise even further to $5.5 or
$4, respectively. On the flip side, Egrag Crypto has
disclosed that if XRP fails to achieve an all-time high of $5 to
$10 during the 2024 bull cycle, the cryptocurrency may not
experience a bullish surge until the next bull run. Despite this,
the analyst has remained confident in XRP’s potential to attain
triple-digit gains and reach new all-time highs soon. When
Will XRP Witness A $5.5 Price Surge? When asked by a crypto
community member about the timeline for the price of XRP to
potentially rise to $5.5, Egrag Crypto boldly affirmed that the
window of uptick lies between April and July 2024. He urged the XRP
army to brace themselves for this potentially bullish period,
emphasizing a strong belief for XRP to surge to unprecedented
heights. Related Reading: The Bulls Are Back: Spot Bitcoin Inflows
Surge With New Records Despite its recent price drops, the
sentiment surrounding XRP has remained positive, with many crypto
analysts predicting bullish price movements for the cryptocurrency.
At the time of writing, XRP is trading around $0.61, reflecting a
decline of 1.77% over the last 24 hours and 3.93% over the past
week, according to CoinMarketCap. While the cryptocurrency
has successfully crossed resistance levels above $0.5, it is still
a long way from surpassing its all-time high of $3.84 recorded in
2018. Token price trending at $0.62 | Source: XRPUSDT on
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