• There is a prediction circulating in the community that XRP will rise almost 5,000% in the current bull cycle.

  • The 2020 cycle was significantly smaller than the 2017 cycle, and did not lead the coin to an all-time high

  • XRP has been trading inside a long-term symmetrical triangle since reaching an all-time high in 2017.

  • XRP is only up 100% in 2023, but some analysts believe the token has not yet exhausted its bullish potential in the current cycle. Let's figure out whether Ripple can rise in price to $11

    Despite XRP's lack of sustained upward momentum, Network X (formerly Twitter) has issued a bullish forecast that the token will rise to at least $11 in the near future.

  • Bullish forecast for XRP

    A cryptocurrency analyst under the nickname XRP bull EGRAG CRYPTO published a post in which he explained why the token of the fintech startup Ripple could rise significantly in price in the current cycle.

    He cites four factors to explain his theory, all of which are based on comparing XRP in its current cycle phase with other cryptocurrencies:

  • A) At the cyclical low of $0.28, in the case of a 40x increase, XRP would be worth $11!

    B) If we go further, then a 50-fold jump will lead to an increase in the price to about $14!

    C) Based on ETH's previous cyclical multiple of x58, XRP at a low of 0.28 could reach an astonishing $16!

    D) Even if we focus on BTC’s previous cyclical multiplier of x21, XRP will still be able to rise to $5.88!

  • The analyst's previous forecast, which suggested that the $28 target would be reached in October 2023, did not materialize.

  • #XRPBullRun #xrp #RippleUpdate #XRPBreakout #cryptonews

  • $XRP