Crypto analyst Crypto Egrag recently provided an update on his analysis of XRP, where he correctly predicted a significant price decline for the crypto token. Now, Egrag has shared his thoughts on what the next move for XRP might be. According to him, XRP’s next move could be a substantial one, ranging between 1000% and 3000%. While this may seem ambitious considering the current market conditions, Egrag pointed out that historical moves from 2017 and 2021 indicate that XRP could rise to between $10 and $22 if those patterns repeat themselves.
Egrag also mentioned that XRP had hit the lower target he had predicted earlier, signaling that the crypto token is poised for a potential parabolic rise following the price correction. In his initial analysis, Egrag had forecasted that XRP could drop to as low as $0.44, a prediction that came true on April 13. Since then, XRP has been recovering and is now aiming to break the $0.50 resistance level in preparation for a potential parabolic surge.
Another crypto analyst, Lunc Maxi, has also shared similar sentiments to Egrag’s analysis of XRP. By comparing XRP’s daily chart to that of 2017, Maxi noted striking similarities, including a similar drop in price. If XRP’s price action continues to mirror that of 2017, there is a higher probability of XRP reaching $22 rather than stopping at $10 as suggested by Egrag’s analysis. Maxi further indicated that XRP could potentially reach $1.4 in the short term, acknowledging that there might be further price declines before this upward move occurs.
Despite the challenges and price volatility, Egrag urged XRP holders not to lose hope, emphasizing that the current price dips present opportunities for bids to be filled. He suggested that these bids could lead to life-changing opportunities for investors. With XRP’s price currently trading around $0.49 and showing a 4% decrease in the last 24 hours, the road ahead for XRP remains uncertain.
The predictions made by crypto analysts like Egrag and Maxi provide a glimpse into the potential future of XRP. While the possibility of a significant price surge exists, it is essential for investors to conduct their own research and make informed decisions. The volatile nature of the crypto market poses risks and uncertainties that should be carefully considered before investing. Only time will tell whether XRP will indeed reach the predicted price levels, making it crucial for investors to stay informed and cautious in their investment strategies.