Crypto Analyst Egrag Predicts XRP Will Reach $5 in the Near Future
Crypto analyst Egrag Crypto has caused a stir in the XRP community with his bold prediction that XRP will experience an astonishing 800% surge, reaching $5 within the next 90 days. This prediction has piqued the interest of many XRP enthusiasts.
The XRP Skyrocketing to $5 in 90 Days
Egrag recently shared his optimistic outlook on XRP on X, projecting that XRP will reach $5 within the next 90 days. However, he believes that this surge is just the beginning, referring to it as the initial wave 1 of a larger bull market that will unfold over the course of several months.
#XRP
To $5 In 90 Days:
#BEAR
Market Bounce Vs
#BULL
Market Bounce:
In the next 90 days, we can expect #XRP to surge and reach the $5 range, marking the start of a prolonged #Bull Market that is likely to continue for several months.
#XRPArmy
Stay steady, just stay steady.
DM me… pic.twitter.com/8BftCNUixC
— EGRAG CRYPTO (@egragcrypto)
January 9, 2024
Egrag’s confidence extends to his roadmap for XRP, which includes key milestones at $1.2, $1.6, $7.5, and $13, ultimately leading to a audacious target of $27.
What fuels Egrag’s optimism? He draws on historical context, specifically pointing to XRP’s remarkable 61,000% surge in 2017. According to Egrag, this historical precedent not only sets the stage for the potential $27 milestone, but also indicates the likelihood of a significant and sustained upward trend.
Egrag’s Long-Term Vision
Looking beyond short-term predictions, Egrag maintains a steadfastly bullish outlook for XRP, envisioning the cryptocurrency reaching an impressive $2,500 by 2029. While he encourages XRP holders to be patient, he firmly believes that the digital asset has a promising future.
Egrag’s confidence in XRP’s potential is backed by extensive research into the token’s historical price movements. He also emphasizes the importance of regulatory clarity, considering XRP to be the “safest investment choice” in his opinion.
XRP Chart Analysis
Taking a closer look at the technical analysis, Egrag identifies $0.55 as a critical support level, expressing confidence that XRP will not close below $0.50 on a weekly basis. While he acknowledges potential support at $0.43, Egrag remains focused on the bigger picture and avoids adopting a pessimistic outlook.
Currently, XRP is trading at $0.566, reflecting a 1.7% decrease in price. However, the trading volume has experienced a notable increase, surging by 4.8% to reach a substantial 913 million within the last 24 hours.