XRP Price Model Predicts Range from $18 to $200 Based on Regression

Reports from Egrag Crypto suggest a range of possible outcomes for XRP, from modest growth to an extreme rally.

XRP is trading near $2.86, having dropped about 2% over the past week, and is at a crucial point on a long-term trend line.
A monthly linear regression on a logarithmic scale shows an R-squared of 0.847, indicating the model explains roughly 80% of past price movement.
XRP has historically touched the upper limit of the regression channel three times, influencing current forecasts.
Possible price paths include reaching $27, falling short at $18, or an extreme overshoot to $200.
Moving to $18 would mean a rise of approximately 530%, while $200 would imply a gain of about 6,890% and a market cap of nearly $12 trillion.

Critics find the ambitious forecasts unrealistic given current adoption and liquidity conditions. However, XRP's long track record supports its staying power, as noted by Vandell Aljarrah of Black Swan Capitalist. Despite skepticism, XRP's resilience adds credibility when considering bold forecasts.

EGRAG views the mid-range and lower outcomes as more likely, with the $200 scenario depending on factors beyond the model.