Extremely High Ripple Price Prediction: Analyst Predicts Explosive 3000% Upward Move for XRP

'The next move could be between 1000% and 3000%,' the analyst Decried.

The value of the crypto market has decreased significantly over the past three days. Most analysts point out that macroeconomic factors such as rising geopolitical tensions and rising CPI inflation are the main reasons for this negativity.

In addition to Bitcoin (BTC) and Ethereum (ETH), which experienced double-digit losses, several cryptocurrencies in the top ten also suffered serious blows. One of them is #Ripple (#XRP ), which at the time of writing has fallen 33.3% from its most recent peak of $0.72 on March 11 to $0.48.

While the crypto market continues to be volatile, popular crypto analyst EGRAG CRYPTO has become quite bullish, stating that XRP is ready to make a gain of between 1000% and 3000%. Dec.

How High Can XRP Go?

EGRAG has published a graph in X that shows the path that XRP has followed since 2017 and is located inside a symmetrical triangle. They correctly predicted the December in which XRP could be traded in the first quarter of 2024, according to the analyst.

In addition, the graph shows that if successful, exceeding the triangle model could push XRP above $ 10 or even $ 20.

During these turbulent trading days, it can be difficult for the 99% to grasp the performance of the market. However, the chart below shows the potential price target Dec. 10 to $22 in case of a repeat of similar partial movements.

In another tweet, the analyst rejected the idea that XRP is collapsing and is instead "retesting" the lower band of the Rising Channel, which, as the name suggests, is a rising channel consisting of several bands that set price points and set price points. resistors or support zones.

But given that XRP has been stuck in a consolidation zone for several months, some commentators are not convinced. However, EGRAG CRYPTO remains unimpressed, stating that this decline is "not for crying, but for buying" .

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