Cryptocurrency analyst Egrag Crypto predicts that XRP price will rise by 8,400% to $44. Interestingly, the analyst believes that the cryptocurrency could still reach a higher price target, calling the $44 price level “conservative.”
XRP price will reach $44
Egrag Crypto in his X post predicts that the XRP price will reach $44. He highlights that this price level is one of the conservative targets based on the current cycle and Fib channels. The $44 price level is a target based on the Fib 0.702 channel. The other price targets he mentioned are $13 and $27 based on the Fib 0.5 and 0.618 channels respectively.
The analyst believes that the XRP price will reach these price targets. He claims that since the inception of the cryptocurrency, charts have shown that the market can expect prices to rise to these Fibonacci channel levels. Egrag Crypto also says that XRP will reach these price targets in this bull run and claims that the charts show that this is the case.
Egrag labeled these price targets as conservative, which also means that the XRP price could still rise in this bull run. The analyst did not provide any other price targets, but other analysts such as Javon Marks predict that the cryptocurrency could reach triple digits. Marks recently predicted that XRP could rise to $200.
The analyst said the cryptocurrency has broken out of a pennant pattern that has lasted for more than six years. He claimed that maintaining this breakout, coupled with subsequent logarithmic follow-through, could push XRP to $200, which would mean a price increase of more than 30,000%.
Marks expects XRP price to reach $3.3 in the short term, close to its current all-time high (ATH) of $3.8. The analyst explained that the cryptocurrency has confirmed multiple hidden bullish divergences since 2022 and is poised for a bull breakout.
According to him, this bull breakout will result in a price increase of more than 450% as XRP reaches the $3.3 range. He added that this price breakout could be just the beginning, especially since he believes the cryptocurrency will still reach $200.
Worst case scenario
In these bullish predictions for XRP’s price, Egrag Crypto also reveals a worst-case scenario for the cryptocurrency in this market cycle. He claims that XRP will at least reach between $2.3 and $5.89 in this bull run and outlines two reasons why he believes the cryptocurrency can at least reach these price targets anyway.