Analyst Predicts 57% Chance of XRP Rallying 300% to $9
Crypto analyst Egrag Crypto predicts a potential rally for XRP to $9 in the current market cycle. He estimates a 57% likelihood of this occurring, based on the descending broadening wedge pattern.
- Egrag highlights XRP's historical performance, noting a 1,700% increase during the 2021 cycle compared to the current cycle's 1,160% rise.
- He suggests selling at $9 but also considers a $5.20 target, reflecting the percentage gains seen in the previous cycle.
- The analyst plans to hold his assets despite recent price declines, aiming for targets of $9, $20, and up to $27.
- At present, XRP is trading around $2.40, down over 3% in the last 24 hours.
Egrag points out the significant gains made by other cryptocurrencies like Solana and Bitcoin, emphasizing that XRP should achieve greater returns.