XRP Price Movement Will It Surge or Decline in 90 Days? ๐๐
Highlights
- Analyst Egrag Crypto predicts XRP could hit $6.4 within the next 90 days.
- Potential peak range for XRP in this market cycle: $13-$27.
- Fibonacci levels and historical data support a bullish trend.
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90-Day XRP Forecast ๐
Crypto analyst Egrag Crypto predicts XRP's price could rise to $6.4 by March 2025, driven by a Linear Regression Channel that tracks market trends. This channel indicates XRP could climb further, potentially reaching $8.5 if it breaks above key resistance levels.
Key Milestones & Targets ๐ฏ
- $4.4: An important intermediate target tied to Fibonacci 1.414.
- $6.4 to $8.5: Predicted surge based on Fib 1.618 and Fib 1.272.
- $13 to $27: Blow-off top forecast for this market cycle.
Historical trends, such as XRP's explosive 2017 rally, suggest it could achieve a fraction of those gains in this cycle.
Extended Rally Possible by May ๐
Egrag Crypto speculates that XRP might reach $15 by May 2025. Fibonacci 1.618 time extensions suggest May 5th could mark a crucial turning point, aligning with a Wave 5 rally, potentially driving XRP over 300% higher.
Risks to Watch โ ๏ธ
Despite the optimistic outlook, challenges like Bitcoinโs weakness, declining XRP network activity, and whale sell-offs could pressure prices, potentially dropping XRP to $1.
Stay tuned for updates as XRP navigates its bullish and bearish possibilities!$XRP
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