XRP on the Verge of Explosive 9,468% Price Jump
Market analyst EGRAG has forecasted a historic surge for XRP, predicting a potential price explosion of 9,468%. This bold projection is based on a recent analysis shared on X (formerly Twitter), where EGRAG points to the tokens historical price patterns during previous market cycles as a basis for his outlook.
EGRAG explains that XRPs current cycle bottom is set at $0.28, a critical level from which the token could experience a significant rise. The analyst presents five possible scenarios, each built on varying levels of price growth.
The most conservative of EGRAGs scenarios see XRP rising by 932%, bringing its price to $3. While this is slightly lower than the tokens all-time high of $3.31, it represents a strong recovery. The next scenario foresees a 1,563% increase, pushing the token to $4.85, marking the first time it would surpass its previous peak.
For more aggressive possibilities, EGRAG predicts a 2,035% price surge, which would take XRP to $6.22. Pushing further, the next target sees the token climbing by 2,536%, bringing it to $7.68. In July, EGRAG noted that if the token could breach a trendline he calls the genuine wake-up line, the $7 mark would become achievable.
The most optimistic scenario is represented by a green mega pump with a 9,468% surge. If this happens, XRP could reach an extraordinary $27 per token. EGRAG emphasizes that his predictions use only half of previous wick measurements, ensuring a more realistic outlook.
Renewed Interest in XRP
In recent days, XRP has seen renewed market interest. According to The Crypto Basic, a massive transaction volume of 50 billion tokens, worth $29 billion, was recorded last month. Additionally, data from CryptoQuant shows a quick rebound in active token accounts, which jumped from below 10,000 on September 17 to 10,694 the next day.
XRP currently trades at $0.5835, showing a 1.25% increase over the last 24 hours, although it hasnt fully capitalized on the markets recent movements. EGRAGs analysis hints at a potential turning point that could soon change the landscape.
Read more: https://www.tronweekly.com/xrp-on-the-verge-of-explosive-9468-price-jump/
Text source: TronWeekly
