XRP (XRP) Could Rise to Three Digits, Analyst Egrag Crypto Predicts

Crypto analyst Egrag Crypto has provided insights into the XRP future trajectory, predicting that the crypto token could rise to three digits.

Crypto analyst Egrag Crypto has shared his thoughts on XRP's future trajectory, predicting that the crypto token could rise to three digits. This prediction comes amid a recent spike in XRP’s trading volume, which also provides a bullish case for the crypto token.

Egrag suggested in an X (formerly Twitter) post that XRP could reach $200 at some point based on its next triangle consolidation. He stated that in the future, XRP newbies will be talking about how the crypto's price has remained stagnant at around $50 (instead of its current price of around $0.50) and that these same people will complain about XRP pumping from $50 to $200.

Essentially, the analyst was predicting that XRP will experience exponential growth soon and that new XRP investors will not understand how the crypto token has come a long way, considering how it has remained stagnant for a while now. He claimed these investors will “never comprehend seven years of conviction and dedication.”

Egrag acknowledged the frustration regarding XRP's tepid price action and even mentioned that XRP Ledger (XRPL) builders are “starting to nag and feel frustration.” However, as always, he urged the XRP army to “stay steady.” He suggested that XRP is the token of the future, as he stated that “all previous models will be thrown out the window because they will not apply to the fourth industrial revolution.”

Egrag's analysis comes amid a recent surge in XRP's derivatives trading volume, with data from Coinglass showing a 300% increase and a total of $3.24 billion traded in the last 24 hours. Also, data from CoinMarketCap shows that XRP's spot trading volume is up by over 200% in the last 24 hours.

This development is significant as it shows that crypto investors and traders are actively engaged with the crypto token and may be looking to accumulate more XRP during this period, which could contribute to a price rally for the crypto token. Notably, XRP is one of the few crypto tokens up in the last 24 hours despite the recent crypto market dip.

Another Bullish Outlook

In another development, crypto analyst Casi Trades also offered a bullish outlook for XRP. She stated that the crypto token looked “very bullish” as it had just come off the golden retracement levels. Casi Trades further stated that the altcoin needs to achieve a “strong breakout” above these resistance levels, adding that such an occurrence will clearly indicate a new trend.

She suggested that this could be a big moment for XRP, stating that “this test could be the moment” that the market has been waiting for. Casi Trades sounded optimistic about XRP achieving this breakout as she stated that Bitcoin had retraced close to the .618 level, which she believes could set the stage for the breakout.

News source：https://www.kdj.com/cryptocurrencies-news/articles/xrp-xrp-rise-digits-analyst-egrag-crypto-predicts.html

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