XRP Price Could Reach $1.5 Trillion Market Cap, Analyst Predicts
Egrag Crypto predicts that XRP could reach a $1.5 trillion market cap, based on technical indicators. The analysis suggests two key paths for growth: a logarithmic move and a non-logarithmic move.
XRP Price Projections
- The logarithmic move targets a $1.5 trillion market cap, exceeding the Fib 1.618 by $500 billion.
- The non-logarithmic move aligns with a $270 billion market cap, corresponding to Fib 1.618.
- Potential price increases are estimated at 242% or 600% based on previous cycles.
- Specific price targets include:
- $270 billion market cap → $4.60 per XRP
- $450 billion market cap → $7.66 per XRP
- $978 billion market cap → $16.65 per XRP
- $1.5 trillion market cap → $25.56 per XRP
Egrag Crypto also anticipates that the XRP price could range between $13 and $22 based on yearly chart analysis. The breakout is expected at candle 13, with a potential price of around $17, correlating with past performance metrics.
Currently, XRP trades at approximately $2.28, reflecting a decline over the last 24 hours, according to CoinMarketCap.