Top Analyst Predicts When XRP Will Hit $5 (And It’s Sooner Than You Think!)

Published by

Mustafa Mulla

January 18, 2024

Cryptocurrency analyst Egrag Crypto has caused a stir in the XRP community, foreseeing an impressive 800% surge, propelling XRP to $5 within the next 90 days. This forecast has raised the interest of XRP enthusiasts keen to understand the rationale behind this bold prediction.

You don’t need to keep guessing though. Just read on!

Bullish Sentiments All Around!

In a recent post on X, Egrag presented a bullish narrative, predicting XRP’s surge to $5 within the next 90 days. However, he sees this as just the beginning – an initial wave 1 in what he envisions as a more extended bull market unfolding over several months.

Egrag’s confidence extends to a detailed roadmap for XRP, identifying key milestones at $1.2, $1.6, $7.5, and $13, ultimately reaching an audacious target of $27.

What fuels Egrag’s optimism? He draws on historical context, specifically pointing to XRP’s phenomenal 61,000% surge in 2017. This historical precedent, according to Egrag, not only lays the groundwork for the potential $27 milestone but underscores the likelihood of a substantial and sustained uptrend.

Egrag’s Long-Term Vision

Looking beyond short-term forecasts, Egrag maintains an unwavering bullish prediction for XRP, envisioning the cryptocurrency reaching an impressive $2,500 by 2029. While encouraging patience among XRP holders, he is steadfast in his belief that the digital asset holds a promising future.

Egrag’s confidence in XRP’s potential is based on thorough research into the token’s historical price movements. Additionally, he emphasizes regulatory clarity as a crucial factor, deeming XRP the “safest investment choice” from his perspective.

XRP Chart Analysis: Levels to Look Out For

Delving into the technicals, Egrag identifies $0.55 as a critical support level, expressing confidence that XRP won’t close below $0.50 weekly. Despite acknowledging potential support at $0.43, Egrag stays focused on the bigger picture, steering away from a pessimistic outlook.

Currently, XRP is trading at $0.566, reflecting a 1.7% decrease in its price. However, the trading volume has experienced a notable uptick, surging by 4.8% to reach a substantial 913 million within the last 24 hours.

Also Read: XRP Bulls Gaining Strength: Will They Push the Prices Above $0.6 This Week?

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.