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Home»EXCHANGE NEWS»Analysts say it is poised for a 700% rise to $4. At this time:
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Analysts say it is poised for a 700% rise to $4. At this time:

By Crypto FlexsApril 28, 20243 Mins Read
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Analysts say it is poised for a 700% rise to .  At this time:
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Bullish predictions for XRP price have emerged again. Bulls trying to push cryptocurrency due to a surge in prices. Cryptocurrency expert EGRAG made one of these positive predictions. price surge Huge scale. According to a recent social media post by an analyst, XRP could reach the $4 price level in the long term.

Crypto Analyst Predicts 700% Bullish XRP Price Movement

XRP has fallen slightly in value over the past few days as the entire cryptocurrency market consolidates in price action. XRP’s price fluctuations this year have been disappointing, especially for many of XRP’s ardent supporters. We haven’t reached $1 yet This is as many analysts predicted.

Data from Coinmarketcap now shows XRP. I find myself wandering around It was priced at $0.51 after retesting $0.435 on April 13th. However, according to EGRAG, these prices are expected to change soon.

EGRAG, known for its extremely bullish stance on XRP, recently noted in its analysis that the current XRP price movement mimics its 2021 movement, which saw it rise to $1.8. According to his analysis, EGRAG has divided its price outlook into two sections, blue and yellow, each depicting a mirror image of the price movement in 2021.

#XRP Copycat 2021 – Go to:

🔵 Blue section: Current trajectory shows a possible reach of $1.4 by June-July, which is the key target. A price range between ($1.2 – $1.8) is a plausible target.

🟡 Yellow section: If we follow a similar path to 2021, targeting $4 is possible… pic.twitter.com/BMUJSbb5GQ

— EGRAG Cryptocurrency (@egragcrypto) April 25, 2024

The blue section is close to a narrow price trajectory, suggesting that XRP could reach $1.4 by June or July, with a price range between $1.2 and $1.8. Meanwhile, the yellow area is a more optimistic price trajectory. According to analysts, XRP could reach the $4 price level by June or July if it follows the yellow section of its 2021 moves. Interestingly, a surge in the price level to $4 would push the XRP price to an all-time high.

What’s next for XRP?

EGRAG is one of many cryptocurrency analysts still active. Optimistic about XRP’s price trajectory. His Long-term price prediction XRP is priced at $27 and he still thinks it is viable. As of this writing, XRP is trading at $0.5148, down 16.8% over the past 30 days.

This means that bulls would need to increase the cryptocurrency by 677% within three months to reach $4 in July. While the volatile nature of cryptocurrencies suggests such price movements are possible, current market dynamics seem likely to see some upward movement in the price of XRP at best.

on the other side, On-chain indicators It was stated that optimism could return to XRP. In particular, the amount of XRP wallets holding at least 1 million coins is There has been a recent rapid increase, This could be a sign of an upcoming price surge.

XRP at $0.51 | Source: XRPUSDT on Tradingview.com

Featured image from Coinpedia, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

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