XRP price is going to rise sharply? Analysts predict that this altcoin can soar 830%!
Well-known analyst Egrag made a big move to predict the price trend of XRP, which made investors happy. Egrag said that as long as XRP can stand firmly above $1.1, this altcoin may be able to reach a high price of $13 in the future! For so many years, XRP has been hovering below $1. This time it finally broke through, and the cryptocurrency market is boiling. Let's take a closer look at what the analysts said.
$1.1, a new starting point for XRP
Egrag said that $1.1 is not only a new height for XRP, but also a catalyst that can make the price soar. He used a logarithmic indicator to calculate that XRP can jump to $13; if a linear indicator is used, the target is $6.4. Although the algorithms are different, they both show how important the $1.1 barrier is to XRP.
Is XRP going to surpass DOGE?
XRP has made a comeback this time. Not only has it returned to $1, it is also trying to reach $2! Last Saturday, it suddenly soared to $1.63, which shocked everyone. However, the good times did not last long, and the price fell back a bit.
But Egrag thinks that this pullback is quite normal and can boost XRP's long-term rise. After that, the coin stabilized at around $1.29, which is considered to have a firm foothold and laid a good foundation for future price increases.
In the long run, can XRP reach $13?
Egrag thinks that XRP is now hovering around $1, which is actually preparing for a big rise in the future. This stage is particularly critical, and a stable platform must be built for XRP to climb higher.
According to logarithmic analysis, XRP can soar 830% from its current price to $13. Even a conservative linear model estimates that it can rise 357% to $6.4. Although both predictions are tempting, Egrag still thinks that logarithmic analysis is more reliable and can see the general direction of the market.
Ripple and SEC, the future of XRP still depends on them
Regulation is still the key to XRP prices. How the lawsuit between Ripple and SEC is judged can greatly affect investors' confidence and price trends.
For the next layout direction, I will lead everyone to target the profit opportunities of copycats, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!
