The XRP price remains support above $ 2, which now serves as an important level for bulls. This remains if bullish sentiment is the order of the day, and the sellers do not seem to have risen steam on the cryptomarket. With these developments, expectations for the XRP price have been considerably advanced. Especially among crypto analysts, who continue to predict that the Altcoin has been set for great things and this bull cycle can reach double digits.
XRP price still on the right track for Mega Candle
Crypto analyst Egrag Crypto is very pronounced on X (formerly Twitter) about the bullishness of XRP. The analyst has become known to call the XRP price increase for months before the impressive 2024 rally. Even if that rally has cooled and the Altcoin is now struggling with support, the Crypto analyst has not deviated. Instead, he continues to shout that the cryptocurrency is still pretty bullish, which he expects to hit double digits at some point.
In a recent message, the crypto analyst explained That the XRP price is still on its way to go up. In what he calls the ‘blue ocean’, Egrag Crypto points out that investors now “swim with sharks”. In this case, XRP is swallowed up at a rapid pace, which could put it on a path to see quick recovery.
With the positive sentiment that rises, the Crypto analyst sees the XRP price soon explode. He explains that a mega green candle is on the road, and this could finally stimulate the price above double digits. Egrag Crypto sets three price targets in this blue ocean. The first is $ 9.5 and then further to $ 17. Last but not least is the goal of $ 27, something that the crypto analyst has been predicted for more than a year.
Currently, the XRP price still acts just above $ 2 support, so this means that it still has a long way to go before it touches the goals of the analyst. The expectation that XRP ETFs will be launched has also been put forward by many in the community as a potential factor that could cause an increase in the XRP price.
Earlier there had been rumors that the Proshares XRP ETFS would be launched on April 30. Bloomberg’s ETF expert James Seyffart, however said That there are no plans to start on this date and there is no specified date yet. Nevertheless, the fund is expected to launch its XRP ETFs in short to medium term, and this is expected to be a catalyst for an XRP price increase.