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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Crypto Analyst Predicts XRP Price Will Surge 800% To Reach $5 In The Next 90 Days

Scott Matherson
Scott Matherson
1 year ago
4 mins read
XRP Price Small

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Crypto analyst Egrag Crypto recently made a bold prediction as to the future trajectory of the XRP price and asserted when exactly the crypto token will hit this price level. Considering XRP’s current price level, it will no doubt be interesting to see how this prediction plays out. 

“XRP To $5 In 90 Days”

Egrag mentioned in an X (formerly Twitter) post that XRP will rise to $5 in 90 days. The analyst also suggested that this price surge was just the beginning of XRP’s meteoric rise, as he said that the $5 range will mark the “initial wave 1 of a prolonged bull market.” This bull market, he expects, will span for several months, possibly enough time for XRP to hit all of Egrag’s bullish targets. 

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The analyst outlined these bullish targets in a subsequent post as he noted that they remain unchanged. Egrag predicts that XRP will hit $1.2, $1.6, $7.5, and $13 on its way to $27. He had previously laid out a narrative as to why XRP will surge by over 4000% to hit $27. According to him, XRP hitting this price level was a real possibility considering that the token had in 2017 risen by 61,000%.

Egrag happens to be one of the analysts who are most bullish on XRP’s future despite its current price action. His most bullish prediction to date remains how XRP could rise to $2,500 by 2029. All this while, he has also urged XRP holders to be more patient as good things lie ahead for those who will stick around. 

Notably, Egrag credits his conviction to the amount of research he has put into studying XRP’s price movement over the years. Another reason why he seems to have become more bullish on XRP is because of the regulatory clarity that it enjoys. He once noted that this places XRP as the “safest investment choice.”

XRP price chart from Tradingview.com

Token price at $0.56 | Source: XRPUSD on Tradingview.com

A Further Analysis Of XRP Price Chart

In the meantime, Egrag believes that the $0.55 level stands as “significant support for XRP,” and he doesn’t see the weekly candle closing below the $0.50 level. He further noted that the “edge of the atlas line looms at $0.43.” However, he is not anticipating XRP dropping to that price level. Instead, he is choosing to focus on the bigger picture.

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Meanwhile, crypto analyst Crypto Rover also recently predicted that a parabolic breakout is on the horizon for XRP.  Just like Egrag, he provided a timeline, saying it would happen in the “upcoming 8 weeks.” However, His prediction looks more conservative than Egrag’s $5 prediction, as the chart Rover shared showed that XRP could rise to just over $1.

At the time of writing, XRP is trading at $0.57, according to data from CoinMarketCap.

Featured image from CryptoRank, 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.

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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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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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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

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