Crypto analyst Egrag Crypto recently shared a interesting story of his conversation with a top banker about the XRP price. The discussion centered around XRP, with Egrag and the banker analyzing how the altcoin could be worth $2,500 in the near future.
XRP price up to $2,500 is a possibility
Talks arose about XRP reaching $2,500 when the banker challenged this Egg to explain how 40,000 XRP could eventually amount to $100 million. The banker was aware of Egrag’s knowledge of technical analysis and, based on the story, seemed to have asked the question to see if Egrag believed XRP could reach such heights of $2,500.
The crypto analyst took up the challenge and explained to the banker, using a chart he shared in his post, how XRP will reach $2,500. Eggrag did justice to his explanation, because the banker had nodded in agreement. The banker also went on to identify how financial cycles aligned for the token to achieve this price action.
The graph shows that the XRP price reaches this price level could happen in 2029. Therefore, the banker sees the altcoin as a long-term investment, saying that holding the altcoin until then could yield incredible rewards. The crypto analyst provided insight into this banker’s wealth of experience, as he is said to boast connections in all areas of the banking and financial industry.
The banker had also hinted at how Ripple’s CTO, David Schwartz, had raised the prospect that 40,000 ETH would be equal to $100 million. It may have sounded unlikely to many at the time, but somehow it became a reality. He sees the same thing happening with XRP, only that it could take longer this time, considering ETH reached $2,500 in a shorter period.
Token price still showing strength Source: XRPUSD on Tradingview.com
Holders need to be more patient
Eggrag kept repeating that patience is the key as XRP holders want to enjoy huge returns on their assets. Going by this recent prediction, XRP price could deliver a 390,000% gain for investors by 2029. However, it will take a lot of faith and perseverance if these holders hope to participate in such a huge win.
In the meantime, the analyst encourages the community to do the same collect that much XRP as they can. He stated that the banker told him that the crypto token could be the “ultimate savior” for liquidity when the tides recede. This is a possibility, especially considering he is a crypto founder had recently claimed that the crypto will surpass Bitcoin.
At the time of writing, the XRP price is trading around $0.64, up over 3% in the last 24 hours. facts from CoinMarketCap.
Featured image from CoinMarketCap, chart from Tradingview.com
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