XRP Price Prediction: Analyst Points Out Incoming Mega Bounce, Here’s The Target
October 28 2023 - 6:00PM
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Another bullish prediction has come in for the XRP price which is
arguably more optimistic than many would expect. This time around,
a crypto analyst is expecting XRP to use up its stored energy for
an explosive rally that could see the altcoin rally to $27, well
above its all-time high. XRP Price Suppressed During Last
Bull Run Because Of SEC Lawsuit Crypto analyst ERGAG CRYPTO
recently predicted that XRP is poised for a massive 4,000% price
surge. ERGAG made this prediction in an X post, detailing how this
price surge can be actually possible. According to the analyst,
XRP’s price was suppressed during the last major crypto bull run in
2021 due to an ongoing lawsuit from the SEC against Ripple Labs,
XRP’s creator. Related Reading: Litecoin Whales Are Back In
The Game, Can Price Reach $100? While Bitcoin and other altcoins
were hitting new all-time highs, the XRP price struggled to keep up
due to fears the lawsuit could severely impact the project’s
future. For instance, during this time period, Bitcoin skyrocketed
by 23X, and Ethereum also went up a whopping 58X. A federal
judge in the United States has since determined that the
programmatic sales of XRP do not constitute the selling of
securities. Now that the lawsuit seems to be coming to an end with
a settlement in sight, XRP is poised to make up for lost time and
shoot up with this lost energy. The analyst predicts the XRP
price could rally 40 times from its current level to $27 in the
subsequent bull run, which would exactly coincide with the
Fibonacci 1.618 indicator from the 2017 peak to the 2020 bottom.
Source: X Although a timeline for the next bull run is not known at
the moment, ERGAG puts this spike to happen around mid-2024.
One day for sure. But suggestion March – May 2024 will be fire
works. — EGRAG CRYPTO (@egragcrypto) October 26, 2023 What’s Next
For XRP? The entire crypto market has witnessed gains since the
middle of October, and the XRP price hasn’t been left out. Bitcoin,
for instance, attained a new yearly high of $35,150. At the time of
writing, XRP is trading at $0.547, up by 5.73% in the past seven
days. Related Reading: Shiba Inu Team Member Clarifies SHIB
Burn As Shibarium Grows Although its price is relatively low
compared to other altcoins, XRP is still one of the strongest in
the entire market, occupying the 5th spot in terms of market
cap. ERGAG CRYPTO has also had some very optimistic price
predictions for XRP in the past. While a $27 price point seems very
overachieving, XRP could easily smash through its previous all-time
high of $3.84 in the next bull market. The analyst had initially
predicted that the altcoin might not see a new all-time high by
July 2028. XRP sees slight retracement | Source: XRPUSD on
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