An expert known under the pseudonym EGRAG CRYPTO made a crazy forecast for a more than 200-fold increase in the rate of the XRP cryptocurrency (XRP).
According to the analyst, XRP will rise in price to at least $10, because the golden ratio (1.618) is located at this mark. In this case, the price of the coin may reach the Fibonacci level of 2.618, which is around $124. In this case, the cost of XRP will increase by 238.5 times from the current value.
On June 16, the price of XRP dropped to the lower line of the ascending channel at $0.45 and began to rise, pushing off from this barrier. If the expert’s forecast turns out to be correct, then the upward trend in the XRP market will continue and in the first trimester of 2024 the rate of the digital asset will reach $10.
EGRAG CRYPTO praises XRP's potential because it believes it will be the only cryptocurrency with clear legal status. Thus, the analyst doubts that the US Securities and Exchange Commission will be able to get XRP recognized as securities through the courts, and these assets will be officially classified as goods or means of payment.#xrp #ripple
