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One of the well -known analysts assumed an interesting assumption about the appearance of XRP, saying that he could outperform the Philadelphia and silver index.
Egrag Crypto predicted that Xrp It can rise by 1000 % against the gold and silver index, where the analyst believes that the encryption is repeated in 2017.
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In a post, market analyst EGRAG Crypto indicated that indicators show that Altcoin can operate a similar bull Philadelphia Gold and Silver Index.
XRP / Xau: 1000 % Candle possible? The prominent analyst said in his X account.
#xrp / / #he: 1000 % candle possible?
Not a lot of analysis #xrp / / #he A pair, but it seems that the graph is ready to wear! Let's divide it:
1 – Undrosunding pair
This analysis focuses on #xrp / / #heNot against the US dollar.
– Egrag Crypto (@Gragcrypto) February 10, 2025
EGRAG analyzed the performance of XRP against the Philadelphia and silver index by showing the XRP/Xau pair, which represents the market value of the currency, against the index.
“If Xau decreases in terms of #USD, the price of XRP in terms of #xau will increase, which affects the value of the dollar directly,” the market analyst explained.
Current preparation mirrors 2017 rally
EGRAG added that the current XRP case may be similar to the 2017 case.
“I see that the three green candles that we have seen in 2017 were repeated, albeit to a different degree of growth. We are currently in the domain position. The stock scheme indicates that we may remain in this range if the current price procedure align.”
For clarity, the gold and silver index is traded on Philadelphia Stock Exchange, Who tracks stocks from 30 precious metal mining companies. Moreover, this index is circulated with Ticker Xau, the same vaccine for the ounce of gold.
XRP can reach $ 28.5
EGRAG said in its previous race in 2017, the XRP style allowed 1000 % in the XRP/Xau pair, saying that at the present time, the husband is trading $ 893.9 million.
The number was obtained by dividing the current market value of Altcoin of 149.64 billion dollars on the current price of the Gold and Silver Index of $ 167.39.
The market analyst believed that if XRP will repeat a rise of 1000 % while $ 167.39 is the price of the indicator, it will lead to the payment of the XRP/Xau pair price to 9.83 billion dollars.
With this value, xrp Market value It will be $ 1.64 trillion, although the index remains at $ 167.39, which leads to XRP trading at $ 28.5.
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Altcoin bounce off
EGRAG pointed out that the price of XRP against Xau seems to rise until after the balance stage, as it recovers from a tremendous collapse this month. The XRP chip witnessed $ 1.7.
“Linner: #XRP / #xau has wore strongly from the balance stage. The market analyst said in a post:” An event bounces similar to 7 EMA (Si -Swatc), indicating the upscale momentum. “
Distinctive image from Gistly, the tradingvief chart
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