Analyst Egrag Crypto has recently made some daring predictions of XRP’s value. In an X post on Wednesday, the analyst outlined five possible prices, each supported by historical data and colored to show the level of price increase. These predictions are based on the current low price of XRP in the market, which is $0.28, which forms the basis of the projected increases.
#XRP 5 Colors / 5 Scenarios – ⚪️🟡🔴🔵🟢 Choose Your Color!
— EGRAG CRYPTO (@egragcrypto) September 18, 2024
For illustration, I’m using FIVE COLORS to break down where #XRP could go based on historical pumps 📊—keeping in mind that this cycle's bottom is $0.28.
Let’s dive into the colors and their pump potentials:
⚪️… pic.twitter.com/PBBOyEv1Hz
Mid-Range Bullish Outlook
As per the analysis, the white color shows a 932% pump in the least likely scenario, which would take XRP to $3. The yellow scenario, therefore, estimates a 1,563% increase, which would see the asset hit $4.85. Going further up, the red projection indicates a 2,035% rise which would see XRP trading at $6.22. A blue scenario shows a 2,536% rise which is very likely to push the price to $7.68.
XRP Mega Pump
The most optimistic scenario, painted green, envisions a nearly 9700% growth. This “MEGA pump” could propel XRP to $27. Egrag said that the green scenario employs the half-wick approach to prevent the bias that comes with volatile prices. At of press time, XRP is trading at $0.5718, showing a 2.33% in the last 24 hours.
XRP Eyes $0.60 Mark Amid Bullish Momentum: Can It Hold?Egrag advised investors to remain calm and not lose hope. He referred to XRP as the “Blackhorse” of the crypto world, meaning that it has the potential to generate massive returns. According to Egrag, XRP may rise by 10x, 15x, 20x, 25x, or even 94x. This would depend on the market’s performance in relation to the various scenarios that he has in mind.
Lessons from Previous Cycles
The analyst also discussed the previous market cycles and what has been learned. In the last bull cycle, he sold some XRP at $1.85 but bought back at $1, anticipating making more profits. He intends to take a small amount at critical prices so that he does not lose out on better profits.
Despite this, Egrag’s predictions are quite positive, however, it is essential to understand that the crypto market is highly volatile, and such forecasts are rather based on assumptions. Investors are keen to know whether XRP would attain the price targets set in the analysis. Whether these predictions will be true or not remains to be seen.
