Analyst Predicts XRP Price Could Reach $46 Based on Historical Patterns
Crypto analyst Egrag Crypto predicts significant price movements for XRP based on historical patterns:
XRP Price Predictions
- XRP could reach $46 if it mirrors the first market cycle, which involved a drop below the 21 EMA followed by substantial retracements.
- If following the second cycle's pattern, XRP may hit $12 after experiencing a 150% breakdown and another fall of 500% post-retrace.
- Averaging projections suggests a target of approximately $30, but Egrag Crypto estimates $27.
- The current cycle shows XRP has dropped below the 21 EMA with a potential rise of 430%, contingent on maintaining above $2.
- Egrag Crypto also anticipates a possible rally to $27 within 60 days, reminiscent of the surge in October 2017 that led to a 1,772% increase.
As of now, XRP is trading at around $2.33, indicating a recent increase.
