Crypto analyst Egrag Crypto has provided insight into the future trajectory of XRP, predicting that the crypto token could rise to triple digits. His prediction comes amid a recent spike in growth The trading volume of XRPwhich also provides a bullish case for the crypto token.
XRP will reach $200 at some point
Eggag represented in an X (formerly Twitter) after That XRP could reach $200 at some point based on the next triangle consolidation. He stated that newcomers would talk about how in the future XRP price has remained stable around $50 (instead of the current price of around $0.50) and that the same people would complain about XRP rising from $50 to $200.
In short, the analyst predicted that XRP will soon experience exponential growth and that XRP newcomers will not understand how the crypto token has come a long way considering the way it stood still for a while. He claimed that these investors “will never understand seven years of conviction and dedication.”
Eggrag acknowledged the frustration XRP’s lukewarm price action and even said that XRP Ledger (XRPL) builders are “starting to whine and feel frustration.” But as always, he urged the XRP Army to “stay steady.” He suggested that XRP is the sign of the future as he stated that “all previous models will be thrown out the window as they will not apply to the Fourth Industrial Revolution.”
Egrag’s analysis comes amid a recent wave of The trading volume of XRP in derivativesof facts of Coinglass is up 300% with a total of $3.24 billion traded in the last 24 hours. Additionally, facts from CoinMarketCap shows that XRP spot trading volume has increased by more than 200% in the last 24 hours.
This development is significant. It shows that crypto investors and traders are actively investing in the crypto token and may be looking to do so collect more XRP during this period, which could contribute to a price increase for the crypto token. Interestingly, XRP is one of the few crypto tokens that have risen in the past 24 hours, despite the recent dip in the crypto market.
Another bullish outlook
Crypto analyst Casi Trades also recently offered a bullish outlook for XRP. She claimed the crypto token was looking “very bullish” as it had just come off the gold retracement levels. Casi Trades further stated that the altcoin is a “strong outbreak” above these resistance levels, noting that such an event will clearly indicate a new trend.
She suggested that this could be a big moment for XRP, stating that “this test could be the moment” the market has been waiting for. Casi Trades sounded optimistic about that XRP could bring about this breakout as she stated that Bitcoin had returned close to the .618 level, which she said could set the stage for the breakout.
Featured image created with Dall.E, chart from Tradingview.com