Analyst Egrag says that the price level of $13 is a promising target for $XRP , especially after the cryptocurrency overcame an important barrier at $1.10. It is worth noting that XRP surpassed the $1 mark two weeks ago after trading below it for more than three years.
At the time when XRP was trading below $1, specifically on November 5, Egrag shared an analysis highlighting that reaching the $1.10 area would serve as a catalyst for a more explosive price rally. Based on logarithmic measured movement, he forecasted a price increase to $13, while non-logarithmic measured movement suggested a target of $6.40.
Egrag stated that the $1.10 level would be the starting point in both scenarios. Just a few days after his forecast, XRP regained the price level of $1. Moreover, XRP made a bold move towards the $2 range, trading at $1.63 last Saturday.
