Crypto analyst Egrag Crypto has suggested that the XRP price can still reach as high as $320, providing a bullish outlook for the crypto amid the recent market downtrend. The analyst also hinted at a timeline for when XRP could reach this price target.

Analyst Confirms XRP Price Can Still Reach $320, Provides Timeline

In an X post, Egrag Crypto confirmed that the XRP price can still reach $320. His accompanying chart showed that the crypto could reach this price target between now and 2026. Interestingly, the chart also showed that XRP could even rally further to as high as $800.

The analyst seemed confident that XRP could reach these price targets. He stated that in the next couple of months and years, it won’t make a difference at what price market participants bought the coin. Instead, they would only wish they had bought more.

This bullish outlook for the crypto comes amid the recent crypto market crash, which saw XRP, and other major cryptocurrencies like Bitcoin, Ethereum, and Solana record significant price crashes.

Meanwhile, this prediction is an upgrade from the analyst’s earlier prediction, in which he predicted that the XRP price could rally to as high as $110 between now and next year.

Showing Great Strength Against Bitcoin

In another X post, Egrag Crypto revealed that XRP is showing “incredible” strength against the Bitcoin price right now. He further remarked that the current formation is undeniably super bullish.

In line with this, he affirmed that double digits are written in golden ink for the XRP price. He outlined the Fib 1.272 at $0.000072, Fib 1.414 at $0.000095, Fib 1.618 at $0.00014 and Fib 1.888 at $0.00023 as some of the potential price targets to keep an eye on.

The crypto analyst asserted that all these targets are not just wishful thinking. Instead, according to him, they are plausible, grounded in historical data and align perfectly with the total market cap.

XRP’s Correction Almost Done

In an X post, crypto analyst Dark Defender assured that the XRP price is close to finalizing the ABC correction pattern in the daily time frame, considering the lowest Relative Strength Index (RSI) figures. He added that the RSI is close to the oversold area.

Once the XRP price correction is over, the analyst predicts that the crypto will rally towards $3 on the first wave, before it rallies to the targets between $5 and $8 with the Wave 3 and Wave 5 impulsive moves to the upside.

Dark Defender also revealed the important levels to watch out for as XRP eyes a bullish reversal. He stated that the support levels are $1.88 and $1.91. Meanwhile, the resistance levels are $2.44, $2.99 and $5.85.

Crypto analyst CasiTrades also confirmed that the XRP’s correction is almost done, with the crypto now forming the final wave 5 of C down. She added that the crypto just completed subwave 4, meaning it is now in the last leg lower to finalize this correction.

The crypto analyst also remarked that higher timeframes are confirming bullish divergence, aligning with the theory that this could be the final low before reversal. She also confirmed that selling momentum isn’t as strong as it was a few weeks ago.

The post Analyst Confirms XRP Price Can Still Reach $320, Here’s When appeared first on CoinGape.

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Filed under: News - @ February 27, 2025 6:20 pm