Crypto Analyst Egrag Crypto provided insights into XRP’s future trajectory, predicting that the crypto token could soar into triple digits. His prediction comes amid a recent increase in XRP Trading Volumewhich also provides a bullish outlook for the crypto token.
XRP will reach $200 at some point
Egrag suggested in an X (formerly Twitter) publish what XRP could reach $200 at some point based on its next triangular consolidation. He stated that in the future, the newbies would talk about how XRP Price remained stagnant at around $50 (instead of its current price of around $0.50) and that these same people would complain about XRP rising from $50 to $200.
![XRP enters triangular formation: analyst predicts rise to $200 amid 300% increase in volume 1 XRP Price](https://thegurumedia.com/wp-content/uploads/2024/06/1718745092_522_XRP-price-2.png)
Basically, the analyst was predicting that XRP would experience exponential growth soon and that XRP newbies would not understand how the crypto token has come a long way considering how it has evolved. remained stagnant It’s been a while. He said these investors “will never understand seven years of conviction and dedication.”
Egrag acknowledged the frustration regarding Warm XRP Price Action and even mentioned that XRP Ledger (XRPL) builders are “starting to get upset and frustrated.” However, as always, he urged the XRP army to “remain stable.” He suggested that XRP is the token of the future, stating that “all previous models will be thrown out the window because they will not apply to the fourth industrial revolution.”
Egrag’s analysis comes amid a recent increase in XRP Derivatives Trading Volumewith data from Coinglass showing a 300% increase and a total of $3.24 billion traded in the last 24 hours. Additionally, data from CoinMarketCap shows that XRP spot trading volume has increased by more than 200% in the last 24 hours.
This development is significant. This shows that crypto investors and traders are actively investing in the crypto token and may be looking for accumulate more XRP During this period, which could contribute to a rise in the price of the cryptographic token. Interestingly, XRP is one of the few crypto tokens trending in the last 24 hours despite the recent crypto market crash.
Another optimistic outlook
Casi Trades Crypto Analyst also recently offered a bullish outlook for XRP. She claimed the crypto token looked “very bullish” as it had just broken out of golden retracement levels. Casi Trades further stated that the altcoin needs to reach a “strong escape” above these resistance levels, noting that such an occurrence will clearly indicate a new trend.
![XRP enters triangular formation: analyst predicts rise to $200 amid 300% increase in volume 2 XRP 2 Price](https://thegurumedia.com/wp-content/uploads/2024/06/XRP-price-2-1.png)
She suggested that this could be a big moment for XRP, stating that “this test could be the moment” the market has been waiting for. Casi Trades seemed optimistic that XRP Could Achieve This Breakout as she stated that Bitcoin had returned close to the 0.618 level, which she believes could set the stage for a breakout.
Featured image created with Dall.E, chart from Tradingview.com