Popular crypto analyst, Egrag Crypto, has given a bold prediction for XRP, predicting that the digital coin could surge to triple-digit values in the future.
His optimistic view comes after a significant surge in XRP trading volumes, which provides a strong case for the crypto's bullish trend.
XRP Price Will Reach US$200?
Egrag Crypto suggests that XRP could reach US$200 during the triangle's next consolidation phase.
He envisions a future scenario where newcomers to the crypto world might talk about how the price of XRP is stagnating at around US$50, instead of around US$0.50 currently.
These people, he predicted, would be stunned when the price of XRP jumped from US$50 to US$200.
Egrag predictions show that XRP is on the verge of exponential growth. He highlighted that new investors may not appreciate the journey that XRP has been on, especially considering its long period of price stagnation.
According to him, these new investors will never understand the seven years of faith and dedication experienced by long-term holders.
Investors and traders appear to be accumulating more XRP, which could potentially trigger a price rally for the coin. Interestingly, XRP is one of the few cryptocurrencies to appreciate in value in the last 24 hours, despite a general downturn in the crypto market.
