XRP Price Prediction: Crypto Analyst Egrag Crypto Says XRP Can Hit $95 Soon

Crypto analyst Egrag Crypto has predicted that the XRP price can reach $95 soon. This prediction has raised eyebrows considering the crypto's current price.

Crypto analyst Egrag Crypto has predicted that XRP could reach $95 soon. This prediction is based on his comparison of XRP’s price movement with Netflix’s (NFLX) stock price. He believes that XRP could follow a similar trajectory as NFLX and experience exponential growth.

Here's a closer look at Egrag Crypto’s analysis and why he thinks XRP can reach $95 soon.

A Comparison of XRP and Netflix Stock Price Movements

Egrag Crypto shared an X post on Reddit, where he outlined his observations and analysis. In the post, he shared a chart that tracks XRP's price movement with the time when Netflix's stock began trading. He highlighted the similarities between the price surges experienced by NFLX and XRP.

NFLX stock started trading in May 1999 at around $15. Over the next few years, the stock price experienced a significant surge, reaching over $750 by March 2023. This price increase represents a gain of over 5,000%.

In comparison, XRP's price started surging rapidly in 2017, rising from around $0.25 at the beginning of the year to a peak of over $3.80 by December 2017. This price increase is around 1,400%.

After both XRP and NFLX stock experienced their initial surges, their prices consolidated and experienced some ups and downs. However, both assets continued to trend upwards over the long term.

By overlaying the two charts, Egrag Crypto suggests that XRP's price is currently at a point that corresponds to when NFLX stock was trading at around $95 in 2008. Based on this comparison, he predicts that XRP could rally to reach a price of $95 soon.

Similarities in XRP's Price Action and NFLX Stock's Parabolic Rally

Egrag Crypto further points out that XRP's price action from 2017 to 2018 closely aligns with a parabolic price rally experienced by NFLX stock from 2008 to 2011. During this period, NFLX stock rallied from around $95 to over $380, a gain of over 300%.

The analyst suggests that if XRP follows a similar price trajectory, it could rally to reach a price of around $95 at some point. He highlights that such a price move would represent a gain of over 10,000% from XRP's current price.

Patience Is Key for XRP's Exponential Growth

Egrag Crypto concludes his analysis by emphasizing the importance of patience while waiting for XRP's exponential growth. He notes that many crypto traders get caught up in day-trading meme coins and chasing quick profits. However, he believes that this is not a winning long-term strategy.

Instead, he advises traders to focus on identifying and holding promising assets for the long term. He adds that XRP is a good example of an asset that could potentially yield exponential returns over time.

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