Ignition Stage Begins $XRP $1.10
The analyst is now even more confident in his XRP price forecast as he believes the $1.10 ignition stage has already been activated. Egrag acknowledged the ongoing pullback in XRP’s bullish rally in his updated commentary. Notably, XRP fell to $1.29 after a recent peak of $1.63. However, XRP is quickly recovering, currently trading at $1.43.
For Egrag, this pullback strengthens XRP’s long-term momentum. He believes this is a key phase for the crypto market as it could mark the end of XRP’s time around $1, paving the way for higher price ranges soon.
XRP to Rise 830% to $13
With XRP trading at $1.43, reaching $13 would require a significant rally of around 830%. Notably, this bold prediction is based on logarithmic scaling, which takes into account percentage changes and, as Egragh noted, provides a more accurate analysis.
On the other hand, non-logarithmic scaling uses linear measurements, which he said may be less reliable for predicting large price moves.
