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TLDR XRP price predicted to potentially rise 8,400% to $44 Analyst Egrag Crypto calls $44 target “conservative” Multiple price targets mentioned: $13, $27, $44 based on Fibonacci channels Worst case scenario sees XRP reaching $2.3 to $5.89 this bull run XRP needs to close above $0.55 weekly for a potential 5x surge Cryptocurrency analysts are making bold predictions about the future price of XRP, with some forecasting massive gains in the coming bull market. While these projections should be viewed cautiously, they highlight the optimism surrounding XRP’s potential. Crypto analyst Egrag Crypto recently shared his outlook on XRP’s price, suggesting it could reach $44. This represents a staggering 8,400% increase from current levels. 👇😎⁦@egragcrypto⁩Expert Says XRP Surging 8,387% to $44 is Conservative, Backs Claim with Fibonacci Analysis https://t.co/0FQPS15phF — James Rule XRP 👊😎 (@RuleXRP) October 7, 2024 Interestingly, Egrag referred to this target as “conservative,” implying even higher price points may be possible. Egrag’s analysis is based on Fibonacci channel levels, with $44 corresponding to the 0.702 Fibonacci channel. He also mentioned lower targets of $13 and $27, aligning with the 0.5 and 0.618 Fibonacci channels, respectively. The analyst expressed confidence in these projections, stating that XRP’s price chart has historically indicated pumps to these levels since its inception. While Egrag’s predictions are notably bullish, he’s not alone in his optimism. Another analyst, Javon Marks, has gone even further, suggesting XRP could potentially reach $200. Marks points to a breakout from a six-year pennant pattern as the basis for this projection. XRP Price on CoinGecko In the nearer term, Marks anticipates XRP could hit $3.3, which would be close to its all-time high of $3.8. He cites multiple hidden bull divergences confirmed since 2022 as supporting evidence for this potential move. Despite these ambitious forecasts, Egrag Crypto has also outlined…

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Filed under: News - @ October 9, 2024 10:29 am