Cryptocurrency analyst Egrag Crypto has made waves in the XRP community, predicting an impressive 800% rise, pushing XRP to $5 within the next 90 days. These predictions have piqued the interest of XRP enthusiasts keen to understand the rationale behind this bold prediction.
You don't need to keep guessing though. Just read!
Bullish sentiments everywhere!
In a recent post on X, Egrag gave a bullish narrative, predicting that XRP will rise to $5 within the next 90 days. However, he sees this as just the beginning – an initial wave 1 in what he envisions as an extended bull market unfolding over several months.
Egrag's confidence extends to a detailed roadmap for XRP, setting key milestones at $1.2, $1.6, $7.5 and $13, eventually reaching an audacious target of $27.
What fuels Iraj's optimism? He draws on historical context, specifically pointing to XRP's massive 61,000% surge in 2017. This historical precedent, according to Eggrage, not only lays the groundwork for a potential milestone at $27, but also underscores the potential for a significant, sustainable uptrend. .
Read more: Ripple CEO halts IPO plans in the USA; Is the “hostile” Securities and Exchange Commission to blame?!
Iraj's long-term vision
Looking beyond short-term forecasts, Egrag maintains a firm bullish forecast for XRP, envisioning the cryptocurrency reaching an impressive $2,500 level by 2029. While he encourages patience among XRP holders, he is steadfast in his belief that the digital asset holds a future Promising.
Egrag's confidence in XRP's potential is based on extensive research on the token's historical price movements. Additionally, he emphasizes regulatory clarity as a crucial factor, considering XRP the “safest investment option” in his view.
XRP Chart Analysis: Levels to Look for
Going into the technical details, Egrag identified $0.55 as a crucial support level, expressing confidence that XRP will not close below $0.50 weekly. Despite acknowledging potential support at $0.43, Egrag remains focused on the bigger picture, steering clear of a pessimistic outlook.
Currently, XRP is trading at $0.566, reflecting a 1.7% decline in its price. However, trading volume saw a notable rise, rising by 4.8% to 913 million over the past 24 hours.
Read Also: XRP Bulls Gaining Strength: Will They Push Prices Above $0.6 This Week?
