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Egrag Crypto Cryptocurrency Analyst I predicted that the price of XRP will rise by 8,400% to $44. Interestingly, the analyst noted that the cryptocurrency could still reach a level higher price target, He described the $44 price level as “conservative.”
The price of XRP will reach $44
Egrag Crypto predicted in X post that Ripple price It will go for $44. He highlighted this price level as one of the conservative targets based on the current cycle and the Fibonacci channel. $44 price level is the target based on the 0.702 Fib channel. Other price targets he mentioned were $13 and $27, based on 0.5 and 0.618 Fibonacci channels, respectively.
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The analyst is confident that the price of XRP will reach these price targets. He claimed that since the beginning of the cryptocurrency, the chart has indicated that the market can expect pumps to these Fibonacci channel levels. Egrag Crypto also suggested that XRP will reach these target prices That’s bull runclaiming that this is what the chart states.
Egrag’s classification of these price targets as conservative also means that the price of XRP may continue to rise in this uptrend. The analyst did not offer any other price target, but other analysts prefer it Javon Marks has predicted The encryption can be up to three digits long. signs recently anticipation That XRP could rise to $200.
The analyst stated that the cryptocurrency has broken out of the area Banner style For more than six years. He claimed that holding this fraction as well as following logarithmically after that could be sent XRP to $200which represents a price increase of more than 30,000%.
Marx expected XRP will reach $3.3 in the short term, near its all-time high (ATH) of $3.8. The analyst explained that since 2022, several cryptocurrencies have been confirmed Hidden Taurus differences It is on its way to achieving an upward breakthrough.
According to him, this bullish breakout will lead to a price increase of over 450% as XRP reaches the $3.3 range. He added that this price breakout may be just the beginning, especially since he believes cryptocurrencies will still reach $200.
Worst case scenario
Amidst these rising expectations for Ripple priceEgrag Crypto also revealed the worst case scenario for cryptocurrencies this market cycle. he He claimed That XRP will at least reach between $2.3 and $5.89 in this uptrend, he explained two reasons why he believes the cryptocurrency can at least reach these price targets no matter what.
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First, he noted that XRP has managed to achieve a 10x uptick from the bottom yet US Securities and Exchange Commission (SEC) The lawsuit was dropped in December 2020. He stated that XRP could easily reach the $5 to $5 range if there is a similar situation after that. SEC Appeal. He added that the cryptocurrency may reach the 1.618 Fibonacci level at around $6.5.
Secondly, he mentioned that the price of XRP could reach $2.31 and $2.88 if it happens Bitcoin price arrival $80,000 and $100,000, respectively. XRP is expected to mirror the movement of BTC, just as it did in the 2021 uptrend.
Featured image created with Dall.E, chart from Tradingview.com