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XRP Price Predictions: How High Could It Go After Breaking the $1 Mark?
Crypto analyst Egrag Crypto has shared a bullish outlook for XRP, predicting substantial price increases following its rally above $1. This milestone, which marks a two-year high for the cryptocurrency, comes after a prolonged period of stagnation despite significant gains in the broader crypto market.
XRP Poised to Rally to $4.96 After $1 Breakout
Egrag Crypto suggests that XRP could reach $4.96 following its breakout above $1. In a recent post on X (formerly Twitter), the analyst examined XRP’s market cap trajectory, highlighting its significant milestones. The market cap has recently surpassed Fib 0.07 ($51.35 billion) and reached Fib 0.786 ($60.06 billion), signaling bullish momentum.
The analyst also noted that XRP is breaking through a long-term ascending trendline dating back to 2017, which is a highly positive signal for the cryptocurrency. According to Egrag, a monthly candle close above Fib 0.786 could propel XRP’s market cap to $283.42 billion (Fib 1.618), positioning its price at approximately $4.96.
In the short term, Egrag emphasized the importance of XRP closing above $1.10 on the weekly chart to further confirm its rally. A successful close at this level could set the stage for even higher price targets.
Whale Activity Signals Bullish Outlook
Adding to the optimism, XRP whales have been actively accumulating the token. Over 320 million XRP tokens have been purchased by large holders in the past 72 hours, supporting a bullish narrative. This accumulation is seen as a key factor in sustaining the ongoing price rally.
Analysts Predict a Return to 2017 Bull Run Levels
Crypto analysts are drawing parallels between the current market conditions and XRP’s legendary bull run in 2017. Charting Guy pointed out that XRP’s monthly Bollinger Bands are expanding, reminiscent of the conditions that led to a 61,000% rally in 2017. He speculated that XRP could replicate this explosive growth, pushing prices toward its all-time high (ATH).
Similarly, analyst Mikybull Crypto suggested that XRP could experience another "hated rally," similar to 2017, which could drive its price above $5. Javon Mark, another analyst, predicted that XRP could surge 190% from its current levels, breaking its ATH of $3.30 and moving even higher.
Factors Driving XRP’s Surge
Several factors are contributing to XRP’s upward momentum. Ripple CEO Brad Garlinghouse recently highlighted potential pro-crypto policies under Donald Trump, which could boost the industry. Additionally, speculation around the resignation of the U.S. SEC Chair has fueled optimism among investors. These developments have contributed to XRP’s 100% gain over the past week.
As bullish sentiment grows and market conditions align, XRP appears poised for significant upward movement, with analysts eyeing $4.96 as a critical price target.
#USUALonLaunchpool&Pre-Market #BTC☀ #XRPGoal #CryptoNewss #WorldLibertyXChainlink
XRP Poised to Rally to $4.96 After $1 Breakout
Egrag Crypto suggests that XRP could reach $4.96 following its breakout above $1. In a recent post on X (formerly Twitter), the analyst examined XRP’s market cap trajectory, highlighting its significant milestones. The market cap has recently surpassed Fib 0.07 ($51.35 billion) and reached Fib 0.786 ($60.06 billion), signaling bullish momentum.
The analyst also noted that XRP is breaking through a long-term ascending trendline dating back to 2017, which is a highly positive signal for the cryptocurrency. According to Egrag, a monthly candle close above Fib 0.786 could propel XRP’s market cap to $283.42 billion (Fib 1.618), positioning its price at approximately $4.96.
In the short term, Egrag emphasized the importance of XRP closing above $1.10 on the weekly chart to further confirm its rally. A successful close at this level could set the stage for even higher price targets.
Whale Activity Signals Bullish Outlook
Adding to the optimism, XRP whales have been actively accumulating the token. Over 320 million XRP tokens have been purchased by large holders in the past 72 hours, supporting a bullish narrative. This accumulation is seen as a key factor in sustaining the ongoing price rally.
Analysts Predict a Return to 2017 Bull Run Levels
Crypto analysts are drawing parallels between the current market conditions and XRP’s legendary bull run in 2017. Charting Guy pointed out that XRP’s monthly Bollinger Bands are expanding, reminiscent of the conditions that led to a 61,000% rally in 2017. He speculated that XRP could replicate this explosive growth, pushing prices toward its all-time high (ATH).
Similarly, analyst Mikybull Crypto suggested that XRP could experience another "hated rally," similar to 2017, which could drive its price above $5. Javon Mark, another analyst, predicted that XRP could surge 190% from its current levels, breaking its ATH of $3.30 and moving even higher.
Factors Driving XRP’s Surge
Several factors are contributing to XRP’s upward momentum. Ripple CEO Brad Garlinghouse recently highlighted potential pro-crypto policies under Donald Trump, which could boost the industry. Additionally, speculation around the resignation of the U.S. SEC Chair has fueled optimism among investors. These developments have contributed to XRP’s 100% gain over the past week.
As bullish sentiment grows and market conditions align, XRP appears poised for significant upward movement, with analysts eyeing $4.96 as a critical price target.
#USUALonLaunchpool&Pre-Market #BTC☀ #XRPGoal #CryptoNewss #WorldLibertyXChainlink
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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