A new one XRP Price Prediction by pPopular crypto expert Egrag Crypto projects that the cryptocurrency could experience an all-time high price increase of around 9,468%. This predicted price gain would push XRP from its current price $0.58 to $27, marking new all-time highs (ATHs).
XRP Price Predicted to Hit These Targets
Egrag Crypto took to X (formerly Twitter) to express his bullish outlook on XRP, predicting the cryptocurrency could rise to $27. On Wednesday, September 18, the crypto analyst shared a price chart illustrating a speculative analysis of XRP’s potential price movements using five distinctly colored indicators to represent various price increase scenarios.
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Each of these scenarios was carefully analyzed, based on historical price trends and past price increases. Furthermore, the color indicators – white, yellow, red, blue and green – are all arranged respectively to represent the ascendant. XRP price potential.
The white-colored indicator predicts that XRP is set to witness a 932% surge from the analyst’s predicted cycle low of $0.28. While this scenario is relatively conservative compared to other projections, if XRP manages to achieve the predicted pump, its price could surge to $3, bringing it closer to its current all-time highs.
The yellow-colored indicator predicts an increase of XRP by 1,538%, potentially taking its price to new highs of $4.85. While this target is much higher than the white scenario, it is still within the realm of possibility if the cryptocurrency maintains positive momentum.
The red indicator projects that the price of XRP will jump to $6.22, marking a 2,035% increase. This massive increase would signal a strong bull run for cryptocurrency, likely reflecting the influence of important external factors such as mass adoption and more legal clarity.
In the blue color scenario, XRP is set to hit an all-time high of $7.68, representing a whopping 2,536% increase. At this price, XRP would likely be seen as a major player in the market with potential long-term viability.
Finally, the green-colored indicator predicts that XRP could witness a 9,468% price increase, potentially taking the cryptocurrency to a staggering $27,000. While this ambitious forecast would be a historic achievement, it remains an absurd possibility with XRP current market dynamics.
XRP Community Expresses Skepticism
While Egrag Crypto’s bullish projections for XRP raise hopes for investors who have been HODLing the coin for years despite its low value and persistent consolidation phase, many also expressed doubts. Some Crypto Members criticized the analyst, criticizing him for his overly optimistic predictions for XRP.
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Other members found the ambitious price predictions funny, declaring that XRP is a “shit coin” and would remain so for a long time. Furthermore, one crypto insider highlighted XRP’s long-term stagnant growth, highlighting that he bought $1,000 worth of cryptocurrency early last year but only made a profit of $100.
Featured image created with Dall.E, chart from Tradingview.com