A cryptocurrency analyst said, Predicted a significant price increase in XRP, expects the cryptocurrency to witness an increase of over 600%. in spite of, Historically slow growthXRP is starting to gain momentum and shows the potential to experience significant price increases during this period. 2024 bull market.
Price is expected to exceed $5
A cryptocurrency analyst identified as Egrag Crypto requested the following from X (formerly Twitter): Predict of Exponential price rise For XRP. According to Egrag Crypto, XRP is “guaranteed” to rise between 600% and 1000% and hit a new all-time high near $5.5.
Based on his predictions, XRP historical data From 2017, analysts shared a graph showing: XRP price movement For many years. He detailed the minimum and shortest price spike for cryptocurrencies observed when the 21 Exponential Moving Average (EMA) crosses his 55 Moving Average (MA).
Cryptocurrency experts revealed that in 2017, the price of altcoins experienced a significant increase of about 902.85%, with the price at that time rising to $0.0646. Around 2021, the cryptocurrency recorded further gains, surging around 585.29% and trading above the $1 price mark.
Continue historical trendsXRP experienced a significant appreciation of 585.20% and is expected to reach a price level of approximately $3.26 in 2024. Analysts revealed that if XRP can achieve 900% or 585%. price pumpcould rise further to $5.5 or $4, respectively.
On the contrary, Egrag Crypto has the following characteristics: disclosed If XRP fails to reach all-time highs between $5 and $10 during the period, 2024 bull cycle, cryptocurrencies may not experience a bullish surge until the next bull market begins. Nevertheless, analysts remain confident that XRP could achieve triple-digit gains and reach all-time highs soon.
When will XRP witness a $5.5 price spike?
when Asked Remarks by Cryptocurrency Community Members on Timeline for Possible XRP Price Rise to $5.5, by Egrag Crypto boldly affirmed The uptick window is between April and July 2024, he said, urging XRP forces to potentially prepare for this. bullish periodemphasized their strong belief that XRP will soar to unprecedented heights.
Despite the recent price dropsentiment surrounding XRP remains positive, with many crypto analysts Predict bullish price movements of cryptocurrencies. At the time of writing, XRP is trading around $0.61, reflecting a decline of 1.77% over the past 24 hours and 3.93% over the past week, according to CoinMarketCap.
While cryptocurrencies have been successful, Crossed the resistance level above $0.5It is still a long way from surpassing the all-time high of $3.84 set in 2018.
Token price trending at $0.62 | Source: XRPUSDT on Tradingview.com
Featured image from Bitcoin News, chart from Tradingview.com
