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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead
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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead

Crypto Analyst Predicts 600%-1000% Return For XRP, Here’s The Target

Scott Matherson
Scott Matherson
Last Updated: June 11, 2024 8:12 am
3 mins read
XRP

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A cryptocurrency analyst has predicted a massive price surge for XRP, anticipating the cryptocurrency to witness a more than 600% increase. Despite its historically sluggish growth, XRP has begun to gather momentum, showing potential to experience major price growth during the 2024 bull run. 

Price Projected To Soar Above $5

A crypto analyst identified as Egrag Crypto has taken to X (formerly Twitter) to predict an exponential price surge for XRP. According to Egrag Crypto XRP is “guaranteed” to experience a 600% to 1000% increase to new all-time highs around $5.5. 

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Basing his predictions on XRP’s historical data from 2017, the analyst shared a chart illustrating XRP’s price movements over the years. He delved into the cryptocurrency’s minimum and shortest price pumps observed when the 21 Exponential Moving Average (EMA) crosses the 55 Moving Average (MA).

The crypto expert disclosed that in 2017, the altcoin witnessed a significant price surge of approximately 902.85%, driving its price to $0.0646 at the time. Around 2021, the cryptocurrency recorded another pump, surging by about 585.29% to trade above the $1 price mark. 

Following historical trends, XRP is anticipated to undergo a substantial surge of 585.20%, reaching a price level of about $3.26 in 2024. The analyst has revealed that if XRP manages to achieve a 900% or 585% price pump, it could potentially rise even further to $5.5 or $4, respectively. 

On the flip side, Egrag Crypto has disclosed that if XRP fails to achieve an all-time high of $5 to $10 during the 2024 bull cycle, the cryptocurrency may not experience a bullish surge until the next bull run. Despite this, the analyst has remained confident in XRP’s potential to attain triple-digit gains and reach new all-time highs soon. 

When Will XRP Witness A $5.5 Price Surge?

When asked by a crypto community member about the timeline for the price of XRP to potentially rise to $5.5, Egrag Crypto boldly affirmed that the window of uptick lies between April and July 2024. He urged the XRP army to brace themselves for this potentially bullish period, emphasizing a strong belief for XRP to surge to unprecedented heights.

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Despite its recent price drops, the sentiment surrounding XRP has remained positive, with many crypto analysts predicting bullish price movements for the cryptocurrency. At the time of writing, XRP is trading around $0.61, reflecting a decline of 1.77% over the last 24 hours and 3.93% over the past week, according to CoinMarketCap. 

While the cryptocurrency has successfully crossed resistance levels above $0.5, it is still a long way from surpassing its all-time high of $3.84 recorded in 2018.

XRP price chart from Tradingview.com

Token price trending at $0.62 | Source: XRPUSDT on Tradingview.com
Featured image from Bitcoin News, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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