Analyst Egrag projects XRP could reach $13 with the crucial $1.10 barrier cleared.
XRP recently surged past $1, marking its highest level over three years.
Despite a pullback, Egrag believes the $1.10 level signals the start of a strong bullish trend for XRP.
Analyst Egrag says the $13 price point is a promising target for XRP, especially after the cryptocurrency broke through the crucial $1.10 barrier. It’s worth noting that XRP moved past the $1 mark two weeks ago after trading below it for over three years.
At the time XRP was trading below $1, specifically on November 5, Egrag shared an analysis highlighting that reaching the $1.10 region would act as a catalyst for a more explosive price rally. Based on a logarithmic measured move, he projected a price surge to as high as $13, while a non-logarithmic measured move suggested a target of $6.40.
Egrag stated that the $1.10 level would be the launchpad in both scenarios. Just days after his forecast, XRP regained the $1 price point. What’s more, XRP made a bold move toward the $2 range, trading as high as $1.63 last Saturday.
XRP $1.10 Ignition Stage Starts
The analyst is now even more confident in …
The post XRP’s 830% Growth Potential—Analyst Says $1.10 Launchpad Could Hit $13 appeared first on Coin Edition.
