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

Fashionable crypto analyst EGRAG crypto has dropped what seems like probably the most bullish value prediction for XRP. XRP has been subjected to varied value predictions previously 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 beneath $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 Worth Surge In A Brief 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 remaining get up line. The Remaining 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 ‘Remaining 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 Timeframe 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, turning into the one crypto asset to obtain regulatory readability within the US. Because of this, XRP went on a value progress that led to a spike over $0.93 in opposition to USDT on varied crypto exchanges. In accordance with EGRAG, his first goal of the $0.85 to 1$ was accomplished amidst the value spike. 

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

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

#XRP 3 Targets 🚀🎯:

Curious concerning the specifics? Try the Could 2022 submit 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 will probably be prolonged wick)#XRPArmy STAY STEAD and… pic.twitter.com/vTYMwxFbA1

— EGRAG CRYPTO (@egragcrypto) December 14, 2023

How Possible Is This Worth 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 may make buyers bounce ship, however HOLDing remains to be the perfect resolution at this second.

A surge to $5.5 would imply an 800% value acquire from the present degree earlier than the tip of the 12 months. Nonetheless, present fundamentals factors 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 throughout the subsequent 2 weeks however in 2 weeks period all this transfer will probably be accomplished. 👍

— EGRAG CRYPTO (@egragcrypto) December 14, 2023

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