Analyst Expects $XRP to 20x to $10
Crypto analyst EGRAG CRYPTO has set the stage with an ambitious forecast for $XRP. Predicting a surge to $10, the analyst draws parallels to the 2017 rally, projecting short-term targets and emphasizing the significance of key price points.
EGRAGâs analysis outlines immediate short-term goals for $XRP, pinpointing crucial breakout levels. Starting with a target of $0.6530, a level previously touched by $XRP, the analysis suggests that surpassing this point could catalyze higher values. The subsequent targets of $0.6720 and the critical $0.7000 mark indicate potential bullish trends upon breaching these resistance levels.
Legal and regulatory factors, alongside EGRAGâs technical analysis, hold sway over $XRPâs future. The ongoing battle with the SEC, if ruled in $XRPâs favour by the high court, may propel its price beyond the 2018 peak of $3.40, attracting institutional investment and reshaping market dynamics.
Additionally, the momentum behind a potential spot $XRP ETF has surged, following the SECâs approval of eleven spot Bitcoin ETFs. Steve McClurg, Valkyrieâs Chief Investment Officer, anticipates the possibility of Rippleâs $XRP joining the ETF landscape, potentially introducing a fresh wave of investors and exerting further influence on its price trajectory.
