The post Crypto Analyst Predicts XRP Price Will Rally 102,590% To $500, But There’s A Catch appeared on BitcoinEthereumNews.com.

A crypto analyst has revealed a timeframe for XRP, the native token of the XRP Ledger (XRPL) to witness a substantial 102,590% rally. If this price surge occurs, XRP’s current modest value could skyrocket to an impressive $500 during this bullish cycle, albeit under certain conditions.  Analyst Foresees XRP Surging By 102,590% In an X (formerly Twitter) post, on June 10, a crypto analyst identified as ‘Egrag Crypto,’ shared a detailed price chart depicting when XRP will surge to new all-time highs this bullish cycle. The analyst projected an astonishing price increase for XRP, revealing that the cryptocurrency could witness a 102,590% surge to a price peak of $500. Related Reading In his price chart, Egrag Crypto revealed that XRP could see a gradual price increase to $500. He pinpointed several price targets using different trend lines, highlighting a potential price surge to $6, $20, 60, $180 and then a $500 top.  The analyst also disclosed a slight catch in his ambitious price forecast. From his analysis, he unveiled two major timelines for XRP to reach his predicted price target, emphasizing the possibility of the cryptocurrency following two distinct cycles – the Blue Cycle and the Green Cycle.  Egrag Crypto indicated that if XRP follows the Blue Cycle, then it could potentially witness a price increase to its cycle top by July 2024. The Blue Cycle represents the 39-month period (1,186 days) during which XRP climbed to a cycle top of $1.96 in April 2021, following its all-time high of $3.84 in January 2018.  In contrast, if XRP follows the Green Cycle, its price could potentially witness a breakout to the $500 cycle peak by May 2025. In this instance, the Green Cycle refers to the 49 months (1,492 days) between the December 2013 peak of $0.0614 and the XRP’s…

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Filed under: News - @ June 18, 2024 1:06 am