Analyst Predicts XRP Price Will Rise 800% To $5.5, The Timeframe Will Shock You

Fashionable crypto analyst EGRAG crypto has dropped what seems to be like essentially the most bullish value prediction for XRP. XRP has been subjected to various price predictions prior to now few months from EGRAG and different crypto analysts, because the crypto now has free rein on its value motion. This time, the analyst claims XRP is able to explode 800% in simply two weeks, rocketing from underneath $0.65 immediately to over $5.50 in simply 14 days. EGRAG’s evaluation pointed to cost motion and the Fibonacci indicator, indicating XRP is gearing up for an enormous rally.

Large XRP Value Surge In A Quick Time

EGRAG took to social media platform X to disclose his newest prediction about XRP. The prediction got here as an replace to the analyst’s earlier prediction in Could, the place he shared that XRP’s value was on the ultimate get up line. The Ultimate Wake Up Line was drawn from XRP’s all time excessive of $3.40 in 2018, sloping downwards because the crypto continued to type decrease highs. At the moment, XRP was buying and selling at $0.4639 and EGRAG gave three value targets of $0.85 to $1, $5.5, and $6.1 within the coming months. The analyst additionally drew a backside (Atlas) line on greater lows since 2021 to type a symmetrical triangle.

#XRP Mid-Time period Goal (0.85c – $1 – $5.5 – $6.4):

The ‘Ultimate Wake Up Line’ is gauging the following #XRP breakout. As soon as #XRP breaks it and retest it with out breaking Fib 0.236 (0.45c) on the Weekly Time-frame then I can say with excessive diploma of certainty that Fib 1.618 ($5.5 – $6.4)… pic.twitter.com/xzPMi7b7FN

— EGRAG CRYPTO (@egragcrypto) May 22, 2023

Now 5 months after, XRP has had main occasions in its ecosystem, changing into the one crypto asset to obtain regulatory readability within the US. In consequence, XRP went on a value development that led to a spike over $0.93 towards USDT on varied crypto exchanges. In response to EGRAG, his first goal of the $0.85 to 1$ was accomplished amidst the worth spike. 

XRPUSD at present buying and selling at $0.6231  territory. Chart: TradingView.com

A have a look at the worth chart shared by EGRAG reveals XRP appears to have shaped a help round this ultimate wake-up line. Now, the following goal is round $5.5, a measured transfer of the symmetrical triangle shaped between the ultimate get up and atlas line. EGRAG claims we might see XRP commerce at this value level in simply two weeks. 

#XRP 3 Targets 🚀🎯:

Curious in regards to the specifics? Take a look at the Could 2022 publish for all the main points:https://t.co/CGLMB7CgGi

Goal 1: 0.85 – 1$ (Accomplished)
Goal 2: $ 5.5 (Could be achieved in two weeks)
Goal 3: $ 6.4 (Fib 1.618 might be prolonged wick)#XRPArmy STAY STEAD and… pic.twitter.com/vTYMwxFbA1

— EGRAG CRYPTO (@egragcrypto) December 14, 2023

How Possible Is This Value Prediction?

XRP has since fallen under the analyst’s first goal of $0.85. On the time of writing, XRP is buying and selling at $0.62, down by 9.59% in a 7-day timeframe. EGRAG argued that the latest value correction might make buyers soar ship, however HOLDing remains to be the most effective resolution at this second.

A surge to $5.5 would imply an 800% value achieve from the present degree earlier than the top of the yr. Nonetheless, current fundamentals points to a rise of this magnitude in such a brief timeframe being most unlikely .

EGRAG clarified in a remark that the prediction wasn’t primarily based on the following two weeks. As an alternative the rally to $5.5 can be accomplished in only a two week timeframe.  

Not inside the subsequent 2 weeks however in 2 weeks period all this transfer might be accomplished. 👍

— EGRAG CRYPTO (@egragcrypto) December 14, 2023

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