His cryptocurrency analyst Expect a huge rise in XRP prices, expecting the cryptocurrency to see an increase of more than 600%. Despite its location Historically slow growthXRP is starting to gather momentum, indicating the potential for significant price growth during Bull race 2024.
The price is expected to rise above $5
The cryptocurrency analyst known as Egrag Crypto has moved to X (formerly Twitter). pridect that Exponential price rise For XRP. According to Egrag Crypto, XRP is “guaranteed” to see a 600% to 1,000% increase to new all-time highs of around $5.5.
Based on his expectations Historical data for XRP From 2017, the analyst shared a chart showing XRP price movements Over the years. He investigated the lower and shorter minimums of cryptocurrency price pumps observed when the 21 Exponential Moving Average (EMA) crosses the 55 Exponential Moving Average (MA).
The cryptocurrency expert revealed that in 2017, the altcoin saw a huge price rise of approximately 902.85%, pushing its price to $0.0646 at the time. Around 2021, the cryptocurrency registered another surge, rising by about 585.29% to trade above the $1 price mark.
the next Historical trendsXRP is expected to see a massive rise of 585.20%, reaching a price level of around $3.26 in 2024. The analyst has revealed that if XRP can achieve 900% or 585% price pumpIt is likely to rise further to $5.5 or $4, respectively.
On the other hand, Egrag has Crypto a statement That if XRP fails to achieve its all-time high of $5 to $10 during… Taurus cycle 2024, the cryptocurrency may not see an upward rally until the next bull run. Despite this, the analyst remained confident that XRP could post triple-digit gains and reach all-time highs soon.
When will XRP see its price rise to $5.5?
when Requested By a member of the crypto community on the timeline for XRP to rise to $5.5, Egrag Crypto He asserted boldly The window for the rally falls between April and July 2024. He urged the XRP Army to prepare for this possibility to occur. bullish periodfocusing on the strong belief that XRP will rise to unprecedented levels.
Despite its modernity Price declineHowever, sentiment surrounding XRP remained positive, with many cryptocurrency analysts Predicting upward price movements of cryptocurrencies. At the time of writing, XRP is trading at $0.61, reflecting a decline of 1.77% over the past 24 hours and 3.93% over the past week, according to CoinMarketCap.
While the cryptocurrency succeeded Breaking resistance levels above $0.5However, it is still far from surpassing the all-time high of $3.84 set in 2018.
Token price trending at $0.62 | Source: XRPUSDT on Tradingview.com
Featured image from Bitcoin News, chart from Tradingview.com
