Cryptocurrency analyst Crypto Egrag has provided an update on his recent analysis, in which he predicted that the price of XRP would drop significantly. Egrag correctly predicted this and has now predicted the crypto coin’s next move.

Egrag mentioned in an X (formerly Twitter) post that XRP’s next move “could be between 1,000% and 3,000%.” He acknowledged that current market conditions might make it hard for anyone to imagine such a move for XRP. However, he added that the chart suggests that if the historical trends of 2017 or 2021 repeat themselves, XRP would rise to between $10 and $22.

Egrag also noted that XRP has already hit his predicted lower target for the crypto coin, which suggests that it is well-prepared for such a parabolic rise as a result of this price correction. In his previous analysis, the analyst had predicted that XRP could drop to $0.44, where it eventually fell on April 13. The coin has since rebounded and is expected to break above the $0.50 resistance level, preparing for a parabolic rise.

Meanwhile, recent analysis by crypto analyst Lunc Maxi echoed similar sentiments to Egrag Crypto. The crypto analyst shared XRP’s daily chart and noted that it looks exactly like 2017, “even with the same drop.” If XRP’s current price action follows the 2017 trend, then it’s more likely that XRP will hit $22 than just stop at $10, as Egrag’s chart shows that a similar move to 2017 would take the crypto token to that price level.

In a subsequent X post, Egrag said XRP could potentially move to $1.4 in the short term. While he acknowledged that the price could drop further before such a move occurs, he added that XRP bulls have shown that they are willing to withstand selling pressure from bears. Therefore, it won’t be long before the bulls take control and cause XRP prices to surge.

He further urged XRP holders not to be intimidated, stating that these price drops are “just opportunities for your bids to be met, and those bids could be life-changing opportunities.” XRP rising to such price levels would indeed be life-changing for XRP investors. However, it remains to be seen whether the crypto coin will reach such heights, considering its unimpressive price action to date.

As of writing, XRP is trading at around $0.49, down nearly 4% over the past 24 hours, according to CoinMarketCap.#ripple
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