$XRP Crypto Analyst Predicts 8,400% XRP Rise to $44, Calls It ‘Conservative’
A prominent crypto researcher forecasts that XRP could soar 8,400% to reach $44, labeling this target as a conservative estimate.
XRP's Path to $44
According to the analysis, XRP is projected to hit $44 based on Fibonacci channels, with the Fib 0.702 level targeting this price. Additional price targets of $13 and $27 are set for the Fib 0.5 and 0.618 levels, respectively. Egrag Crypto noted that XRP’s historical chart has consistently predicted movements to these Fibonacci levels since its inception.
Egrag believes that these projections are cautious, hinting that XRP could surpass these benchmarks during the current bull run. Although no specific upper limit was set, analyst Javon Marks has suggested a potential three-digit price for XRP, even predicting it may reach $200.
Market Dynamics and Future Projections
Marks highlighted that XRP has broken a six-year Pennant pattern, potentially allowing it to rise over 30,000% to $200 if logarithmic follow-through occurs. He anticipates XRP will reach around $3.30 soon, close to its all-time high of $3.80. This includes a forecasted 450% price increase after a bull breakout.
Egrag also outlined a worst-case scenario, estimating XRP could hit between $2.30 and $5.89 in this bull cycle. He emphasized that following the SEC's dismissal of its case in December 2020, XRP had previously surged 10x from its lowest point. If the SEC appeal occurs, XRP could see further increases, potentially reaching Fib 1.618 at $6.50.
Conclusion
With these bullish predictions, XRP remains a focal point in the crypto market. While optimism is high, market dynamics will ultimately determine the outcome.
