Crypto analyst predicts a surge to $4 for the XRP price, meanwhile the WallitlQ (WLTQ) presale is experiencing a surge with over $1 million in revenue raised.
A crypto Analyst has predicted a potential surge for the XRP price with some estimates as high as $4 after the cryptocurrency recently crossed the $1 mark. This bullish prediction comes amid renewed interest in crypto, especially in light of a pro-cryptocurrency sentiment post-elections
XRP Price Breaks $1 Barrier: Analyst Forecasts Bullish Targets
Crypto analyst identified as ‘Egrag Crypto’ on X (formerly Twitter) has shared a detailed projection suggesting a strong potential for the XRP price to rally further after breaking through key Fibonacci levels. His recent post highlights that the XRP market capitalization has closed above the Fib 0.702 level at $51.35 billion and reached Fib 0.786 at $60.06 billion, breaking above the multi-year ascending trendline established in 2017.
According to the analyst, if the current monthly candle closes above Fib 0.786, XRP could potentially hit a market cap of $283.42 billion, which would bring the XRP price to around $4.96. The analyst further outlined ambitious targets using Fibonacci levels, suggesting that the XRP price could achieve higher points if it maintains this trajectory.
With a circulating supply of 57 billion XRP, the targets could range from $4.96 at Fib 1.618 to a possible $32.11 if XRP reaches the Fib 2.618 level, which would require a market cap of $1.83 trillion.
XRP Price Breaks $1 Barrier
Egrag Cryptp has advised investors to set realistic expectations and consider gradual profit-taking strategies as the XRP price moves closer to these targets. The analyst emphasized the importance of securing returns, whether by withdrawing initial investments, using dollar-cost averaging, or selling a portion of holdings. This cautious approach enables investors to capitalize on XRP’s growth potential while managing risk in the volatile crypto market.
