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The well-known cryptocurrency analyst operating under the X handle EGRAG CRYPTO believes that Ripple’s native token has the potential to surge to $1.40.
For this to occur, the asset must close above a specific level “with undeniable confirmation.” In the subsequent sections, we will examine the precise conditions required.
XRP Has Potential for a ‘Meteoric Rise’
EGRAG CRYPTO shared a chart illustrating XRP’s current price and the potential for growth if it enters a bullish zone. The analyst suggested that if the token closes above the Fib 0.5 level at 0.57C “with undeniable confirmation,” the community could see a rise to as high as $1.40.
However, such an outcome will not be feasible if XRP remains in the “ranging” zone or falls into “wicking” and “red flag” territory.
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Recent XRP Predictions
The previously mentioned crypto analyst is not alone in anticipating a positive outlook for the coin. Shannon Thorp made a bold prediction last week, proposing that XRP could exceed $500 in the coming years.
It is important to note that the token’s market capitalization would need to increase to around $260 trillion for this to materialize. In contrast, the total market capitalization of the industry during the 2021 bull run was approximately $3 trillion, rendering the prediction quite implausible.
The technical analyst and educator Duo Nine also contributed, stating that the bulls will maintain control of XRP as long as its price stays above $0.45. He concluded that the asset could potentially soar to $3.30 if it reaches $1.30.
Meanwhile, if you are interested in discovering what ChatGPT predicts regarding XRP’s price performance in the next bull market, you can view our video:
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