Top Analyst Anticipates XRP’s $5 Milestone (And It’s Closer Than Expected!)
Cryptocurrency analyst Egrag Crypto has made a bold prediction that XRP will experience a massive surge, increasing by 800% and reaching $5 within the next 90 days. This forecast has caught the attention of XRP enthusiasts who are eager to understand the reasoning behind this optimistic prediction.
Egrag presented his bullish narrative on X, outlining his belief that XRP’s surge to $5 in the next 90 days is just the beginning of a longer bull market that will unfold over several months. He sees this initial surge as wave 1, with more significant price milestones to come.
Egrag’s confidence is backed by historical context, specifically referring to XRP’s remarkable 61,000% surge in 2017. He believes this historical precedent sets the stage for XRP to reach his audacious target of $27.
Looking beyond short-term forecasts, Egrag maintains a bullish long-term vision for XRP, predicting that the cryptocurrency will reach an impressive $2,500 by 2029. He urges XRP holders to be patient and believes that the digital asset has a promising future.
Egrag’s optimism is based on thorough research into XRP’s historical price movements. He also emphasizes the importance of regulatory clarity, considering XRP to be the safest investment choice from his perspective.
In terms of technical analysis, Egrag identifies $0.55 as a crucial support level for XRP. He expresses confidence that XRP will not close below $0.50 on a weekly basis. Although there is potential support at $0.43, Egrag remains focused on the bigger picture and avoids a pessimistic outlook.
Currently, XRP is trading at $0.566, reflecting a slight 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.
Overall, Egrag Crypto’s prediction of an 800% surge in XRP to $5 within 90 days has sparked excitement within the XRP community. His detailed roadmap and long-term vision further reinforce his confidence in the cryptocurrency’s potential for significant growth.