The recent surge in XRP price has been nothing short of extraordinary. Over the past few weeks, XRP has seen a remarkable increase of over 460%, skyrocketing from its initial $0.5 range in December to a peak of $2.82 in just 24 hours. This surge has brought XRP into the limelight, sparking discussions on social media and crypto forums about the long-term potential of the cryptocurrency.
One notable voice celebrating this achievement is crypto analyst EGRAG CRYPTO, who had previously made a bold prediction in 2022 that accurately foresaw XRP reaching $2.82. In a recent post on social media platform X, EGRAG CRYPTO hinted at an even more dramatic climb for XRP amidst the current rally.
EGRAG CRYPTO, known for being one of the most bullish proponents of XRP, had made an ultra-bullish prediction in August 2022 about the XRP price reaching double-digit figures. At the time of the prediction, XRP was trading around $0.387 amidst a major downtrend. The analyst based his forecast on Fibonacci extension indicators, anticipating explosive growth once key resistance levels were breached and turned into support. With XRP briefly hitting $2.82, his analysis from two years ago seems to be unfolding as predicted.
Revisiting his original analysis, EGRAG CRYPTO reiterated his belief that XRP is on track to reach double digits in price. “Enjoy and see how it is playing out so far,” he shared with his followers.
In his analysis, EGRAG CRYPTO outlined various price targets for XRP using Fibonacci extension levels, including $0.60, $0.91, $1.23, $3.56, and a long-term target of $32. As of now, XRP has already surpassed three of these targets within a span of four weeks. If the current pace of growth continues, XRP could potentially break above $3.56 by the end of the year and reach the long-term target of $32 in 2025.
Currently trading at $2.62, XRP has retraced slightly from its peak of $2.82. With a 460% increase in the past four weeks, reaching $3.56 would signify a further 36% rise in price and would also surpass its previous all-time high of $3.40.
In a recent analysis, EGRAG CRYPTO pointed out that XRP is on a trajectory to hit both the $17 and $27 price thresholds, leaving the decision to the audience. The XRP price chart reflects this bullish sentiment, showing the potential for XRP to reach $3 and beyond.
With XRP’s price action capturing the attention of investors and analysts alike, the cryptocurrency’s future looks promising as it continues on its upward trend towards new price milestones.
