XRP Price Prediction: It May Rise in the Next 90 Days to $6

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Cryptocurrency analyst Egrag Crypto suggests that the price of XRP could rise in the next 90 days, potentially reaching $6. He predicts that by March 2025, XRP could rise to $6.4 and has provided support for its price trend through a linear regression channel. According to this channel, the price of XRP may hit the upper limit of the regression channel, around $6.4, by March 2025 or earlier.

Possibility of Price Increase

Egrag Crypto also mentioned that XRP may break through the regression channel, further driving the price up to a target of $8.5. This aligns with the Fibonacci 1.272, indicating sustained bullish momentum. Additionally, the analyst believes that $4.4 is a key mid-term target, suggesting XRP may reach a peak between $13 and $27 during this cycle.

Long-term Outlook

Egrag Crypto also discussed potential targets for XRP by May 2025, expecting the price could surpass $15. This increase may stem from the fifth wave of impulse movement, typically between 1.236% and 1.618% of the fourth wave, and could even exceed a 300% increase.

Risk Factors

Despite the optimistic outlook for XRP, recent market analysis has also indicated that XRP may face downside risks. Factors such as Bitcoin weakness, bearish indicators, and a decrease in network activity and active addresses could lead to selling pressure on XRP. Furthermore, sell-offs by whales may also adversely affect the price.

Overall, despite certain risks, XRP still has the potential for a strong rally in the coming months, with a target price of $6 or higher.

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