Cryptocurrency analyst Egrag Crypto It provided insight into the future trajectory of XRP, predicting that the cryptocurrency token could rise to triple digits. His prediction comes amid the recent surge. XRP trading volumeThis also provides a bullish case for cryptocurrency tokens.
XRP will reach $200 at some point.
Egrag (formerly Twitter) proposed as post that XRP could reach $200 At some point it is based on the following triangle integration: He said that from now on he will talk about what beginners should do. Price of XRP It is stuck at around $50 (instead of the current price of around $0.50) and the same people said they would complain about XRP being pumped from $50 to $200.
Basically, the analyst predicted that XRP would soon experience exponential growth and that XRP beginners would not understand how the crypto token has come such a long way. remains stagnant For a while now. He argued that these investors “will never understand seven years of conviction and commitment.”
Egrag admitted his frustration with this. XRP’s lukewarm price action He also noted that XRP Ledger (XRPL) builders were “starting to nag and get frustrated.” However, as always, he urged the XRP Army to “remain steadfast.” “All previous models will be discarded because they do not apply to the Fourth Industrial Revolution,” he said, suggesting that XRP is the token of the future.
Egrag’s analysis comes amid a recent surge. XRP Derivatives Trading Volumewith data A total of $3.24 billion was traded on Coinglass, up 300% in the last 24 hours. additionally, data Data from CoinMarketCap shows that XRP’s spot trading volume has increased by more than 200% in the past 24 hours.
This development is important. This shows that cryptocurrency investors and traders are actively investing in cryptocurrency tokens and are looking for: Accumulate more XRP During this period, this may contribute to an increase in the price of cryptocurrency tokens. Interestingly, XRP is one of the few cryptocurrency tokens that has risen over the past 24 hours despite the recent decline in the cryptocurrency market.
Another optimistic outlook
Cryptocurrency Analyst Casi Trades He also recently offered a bullish outlook for XRP. she assert The cryptocurrency token looked “very bullish” as it had just broken out of its golden retracement level. Casi Trades also notes that altcoins “strong breakout” is above these resistance levels and points out that such an occurrence would definitely indicate a new trend.
“This test could be the moment the market has been waiting for,” she said, suggesting this could be a big moment for XRP. Casi Trades sounded optimistic: XRP can achieve this breakthrough She said Bitcoin could move back closer to the .618 level, setting the stage for a breakout.
Featured image created with Dall.E, chart from Tradingview.com
Source: NewsBTC.com