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Crypto analyst Egrag Crypto has predicted that the XRP price will rise 8,400% to $44. Interestingly, the analyst suggested that the crypto is still a higher price target, calls the $44 price point “conservative.”
XRP price reaches $44
Egrag Crypto predicted in an X-post that the XRP price would reach $44. He highlighted this price level as one of the conservative targets based on the current cycle and the Fib channel. The $44 price level is the target based on the Fib 0.702 channel. The other price targets he mentioned were $13 and $27, respectively, based on the Fib 0.5 and 0.618 channels.
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The analyst is confident that the XRP price will achieve these price targets. He claimed that since the inception of the cryptocurrency, the chart has indicated that the market can expect pumps to these Fibonacci Channel levels. Egrag Crypto also suggested that XRP will reach these price targets within this bull runclaiming that this is what the graph states.
The fact that Egrag labels these price targets as conservative also means that the XRP price could rise even higher during this bull run. The analyst did not give a different price target, but other analysts did Javon Marks predicted it that the crypto could reach three figures. Notes recently predicted that XRP could rise to $200.
The analyst stated that the crypto from a Pennant pattern of more than six years. He claimed that holding this pause plus a logarithmic follow-through afterward can be sent XRP up to $200which means a price gain of more than 30,000%.
To notice expected the XRP price will reach $3.3 in the short term, close to the current all-time high (ATH) of $3.8. The analyst explained that the crypto has confirmed several since 2022 hidden bull differences and is on track for a bull breakout.
According to him, this bull breakout will lead to a price gain of over 450% when XRP reaches the $3.3 range. He added that this price breakout may just be a start, especially since he believes the crypto will still reach $200.
The worst case scenario
Amid these bullish predictions for the XRP priceEgrag Crypto also revealed the worst case scenario for the crypto in this market cycle. He claimed that XRP would at least rise between $2.3 and $5.89 in this bull run and outlined two reasons why he believes the crypto can at least reach these price targets no matter what.
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First, he noted that XRP came after the US Securities and Exchange Commission (SEC) dropped the lawsuit in December 2020. He stated that XRP could easily reach the $5 to $ range if a similar situation were to arise next. the SEC appeal. He added that the crypto could reach the Fib 1,618 level around $6.5.
Secondly, he said that the XRP price could reach $2.31 and $2.88 if the Bitcoin price reached $80,000 and $100,000, respectively. He expects XRP to mirror BTC’s move, much like it did during the 2021 bull run.
Featured image created with Dall.E, chart from Tradingview.com