Cryptocurrency analyst Chad Steingraber I made it Very optimistic price prediction Regarding the price of XRP, it was stated that the price of the cryptocurrency token could rise to three digits. The analyst also explained when this price target will be achieved.
XRP Will Reach $250 This Market Cycle
Steingraber mentioned on X (formerly Twitter) post He predicted that XRP will reach $250 by 2025. market top For crypto tokens this bull run. He made this prediction, saying that Bitcoin and Ethereum will reach $250,000 and $25,000 in 2025, which will also be market highs.
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Steingraber previously provided There are several reasons why he is so bullish on XRP and believes the cryptocurrency token can reach such heights. He previously mentioned a potential XRP ETF as one factor that could trigger a significant price surge for XRP. He explained that the XRP ETF will provide additional utility as an issuer of funds to cryptocurrency tokens. XRP ETF We will send your assets to an institutional liquidity hub.
he believes XRP ETF As demand for cryptocurrency tokens increases and a supply shock occurs, prices will ultimately rise. Steingraber also Securities and Exchange Commission (SEC) The lawsuit against Ripple is one of the factors holding down the price of XRP so far.
He previously claimed that the price of SEC lawsuit against Ripple It’s done. Steingraber is not the only one who believes that the price of XRP could skyrocket to triple digits once the lawsuit is over.
Cryptocurrency analyst JackTheRippler also predicted Once the incident is over, XRP will rise above $100. The analyst gave a more optimistic forecast than Steingraber, saying XRP could reach $10,000 after the lawsuit. Cryptocurrency analyst CryptoBull also predicted XRP could rise 28,900% to reach triple digits at $154.
Meanwhile, the price of XRP is $7.5.
Cryptocurrency analyst Egrag Crypto Analysts like Steingraber have suggested that XRP rising to $7.5 is a price target to watch before the cryptocurrency token reaches all-time highs. to X post, he said, “$7.5 is target number 1.” Egrag went on to explain how this is done. Go to $7.5 Maybe it will happen.
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He said he is very confident that XRP will break the white triangle (on the chart he shared) and hit the highest level. A measured move of $1.5. From there, he expects XRP to rise to $7.5. However, he cautioned that the Fib 1.618 area where $7.5 is located is “significant” and a lot of it is “important.” profit-seeking This suggests that if XRP reaches such heights, it could fall significantly.
Egrag added that if XRP records a weekly close above Fib 1.618, XRP’s next target would be “mid-double digits near Fib 2.414 and 2.618.”
Featured image created with Dall.E, chart from Tradingview.com