Category: XRP

Crypto analyst Crypto Egrag has provided an update on his recent analysis, where he predicted that XRP would experience a significant price decline. Having called that correctly, Egrag has now predicted what the next move will be for the crypto token. 

XRP Price Could Rise To As High As $22

Egrag mentioned in an X (formerly Twitter) post that XRP’s next move “could be between 1000% and 3000%.” He acknowledged that the current market conditions might make it hard for anyone to envisage XRP seeing such a move. However, he added that the chart indicates that XRP would rise to between $10 and $22 if historical moves from 2017 or 2021 repeat themselves. 

Egrag also noted that XRP had hit the lower target he had predicted for the crypto token, suggesting it was well primed for such a parabolic rise due to this price correction. In his earlier analysis, the analyst had predicted that XRP could drop to as low as $0.44, which it eventually did on April 13. Since then, the token has recovered and is looking to break the $0.50 resistance level in preparation for its parabolic rise. 

Meanwhile, crypto analyst Lunc Maxi’s recent analysis also echoes sentiments similar to those shared by Egrag Crypto. The crypto analyst shared XRP’s daily chart and noted that it looks exactly like 2017 and “even had the same drop.” If XRP’s current price action follows 2017, then there is a greater likelihood of XRP hitting $22 than just stopping at $10 since Egrag’s chart showed that a similar move to 2017 will take the crypto token to that price level.

XRP’s Short-Term Price Target

In a subsequent X post, Egrag suggested that XRP might be headed to $1.4 in the short term. While he admitted that there could be further price declines before this move occurs, he added that XRP bulls have shown that they are willing to match the selling pressure from the bears. Therefore, it shouldn’t be long before the bulls take control and cause XRP’s price to surge. 

He further urged XRP holders not to be deterred, stating that these price dips are “just opportunities for your bids to be filled, and these bids could be life-changing opportunities.” XRP’s rise to such price levels would indeed be life-changing for XRP investors. However, considering its unimpressive price action so far, it remains to be seen if the crypto token will attain such heights. 

At the time of writing, XRP is trading at around $0.49, down almost 4% in the last 24 hours, according to data from CoinMarketCap.

Crypto experts continue to be bullish on the XRP price despite the poor performance that the altcoin has exhibited in recent times. Some of these experts see the cryptocurrency’s price rising higher from its current level, with one analyst expecting XRP to rise as high as $20 in the coming bull market.

XRP Price On The Verge Of Breakout

One of the crypto experts that has shown incredibly bullish sentiment toward the XRP price is Matthew Dixon, the CEO of crypto rating platform, Evai. Dixon took to X (formerly Twitter) to share with the crypto community that the XRP trading volume had been seeing positive headwinds in recent times.

At the time, the Evai chart shared by the the crypto CEO showed that XRP had recorded an approximately 42% increase in its daily trading volume to cross $2.1 billion. Using this increase in trading volume, Dixon believes that it shows the rising interest in the altcoin.

Naturally, increased interest often translates to increased demand, which can be bullish for a cryptocurrency’s price. This was the thought shared by the Evai CEO who believed the surge in trading volume and interest meant that the XRP price was on the verge of a breakout.

However, this does not seem to be the case, at least in the short term, since the XRP price continues to trend around the same level since Dixon first made the post. It is hovering around $0.61 at the time of this writing, with a0.96% gain in the last 24 hours.

Can Price Get To $20?

Predictions for the XRP price going into the next bull market have had a wide variety, from very conservative to very ambitious. For many, though, the expectation is that the XRP price will rise very quickly as regulatory clarity from the Ripple vs SEC case is fast approaching.

Crypto analyst Armando Patoja takes the ambitious route with his own prediction, forecasting an over 3,000% price increase for XRP. According to Patoja, the predictions that put XRP’s future price at $5 severely underestimate the ability of the altcoin.

On his own, the crypto analyst believes that the XRP price has the potential to rise even further to reach between $10 to $20. Patoja posits that saying XRP will reach just $5 is like expecting Bitcoin to top out at $1,000 in 2015.

There people saying #XRP will reach $5 are significantly underestimating.

This is similar to predicting #Bitcoin would cap at $1,000 in 2015. XRP is on a trajectory akin to Bitcoin’s in 2015, with a rapidly growing network effect.$XRP prediction: $10-$20. Thoughts?

— Armando Pantoja (@_TallGuyTycoon) April 6, 2024

Despite the growing XRP community, it is no doubt that Patoja’s prediction has been received with a grain of salt. One community member responded to the post saying XRP could not possibly rise that high because major projects who were building on the XRP Ledger have been abandoning it for other chains because it is a dead chain. Due to the lack of builders, they do not believe that XRP has the steam to run that high.

Crypto Expert BarriC has raised eyebrows with his recent analysis of the XRP price, in which he stated that the crypto token could rise to $1,000. As part of his analysis, he also elaborated on why this price level is attainable and not an “arbitrary number” he has pulled out for fun. 

When Will The XRP Price Rise To $1,000?

BarriC suggested in an X (formerly Twitter) post that the XRP price will rise to $1,000 in the next five to ten years. He explained that this would happen due to the new money flowing into the crypto space during that period. Specifically, he alluded to the “400 trillion dollars of personal wealth” and also institutional money yet to come into crypto, which could help drive up XRP’s price. 

To drive home his point, he drew his followers’ attention to the Spot Bitcoin ETFs and how they have so far contributed to Bitcoin’s bullish momentum and price surge. As such, he believes that XRP could also benefit from such institutional demand once institutions begin to show interest in other crypto ETFs like a potential XRP Spot ETF.

BarriC boldly claimed that to say that XRP will not hit $1,000 “is to say that the entire crypto market as a whole will never grow or evolve or that new money will not come in.” He also suggested that the only way the XRP price wouldn’t hit $1,000 was if Ripple somehow failed in everything they had set out to do. 

However, he believes all that is unlikely and that the crypto space and Ripple will continue to grow the same way they have since 2016, even though he admitted that people “aren’t ready to fathom price action like a $1,000 $XRP.” He added that this is the same way no one in 2016 could have fathomed Bitcoin at $74,000, but it eventually happened. 

XRP To $2,500 Is Also A Possibility

Crypto analyst Egrag Crypto once raised the possibility of the XRP price hitting $2,500 by 2029 while sharing his encounter with a top banker. Egrag mentioned that the banker told him XRP would hit this price level, and he agreed. Like BarriC, Egrag claimed that the banker spoke about how ETH hitting $2,500 seemed impossible then, but it happened. 

However, XRP YouTuber Moon Lambo will have reservations about these price predictions. He once suggested that there isn’t enough money in the world to drive XRP’s price to four or five digits. He also noted that any new money that flows into crypto won’t only go into the XRP ecosystem. As such, one can’t base such an ambitious price prediction solely on money that has yet to come into crypto. 

At the time of writing, the XRP price is trading at around $0.60, up in the last 24 hours according to data from CoinMarketCap.