Emily Walker
In recent weeks, the activity surrounding XRP’s price has been remarkable, with a rise exceeding 460% from around $0.5 at the start of December to a high of $2.82 just within the last 24 hours. This significant increase has sparked widespread discussions on social media and crypto trading platforms regarding the future of the cryptocurrency.
One of the notable figures celebrating this surge is crypto analyst EGRAG CRYPTO, who revisited a bold prediction made in 2022 about XRP reaching $2.82. He recently shared insights on social media, suggesting that further gains for XRP might be on the horizon as the current rally continues.
EGRAG CRYPTO’s Bold Forecast Revisited
EGRAG CRYPTO is recognized as one of the most optimistic supporters of XRP. Back in August 2022, he made a daring prediction that XRP would eventually soar to double digits. At the time, though, XRP was in a downtrend, trading around $0.387, making this forecast seem quite ambitious.
His prediction was rooted in Fibonacci extension indicators, which indicated that XRP was primed for a surge upon breaking crucial resistance levels. Now, with the price reaching $2.82, his earlier prediction appears to be coming to fruition.
By sharing his original analysis again, EGRAG CRYPTO encouraged his followers to look forward to double-digit prices, stating, “Enjoy and see how it is playing out so far.”
Projected Price Targets for XRP
In his analysis, EGRAG CRYPTO outlined specific price targets for XRP based on Fibonacci extensions. These targets include $0.60, $0.91, $1.23, $3.56, and a longer-term aspiration of $32.
Currently, XRP has successfully surpassed three of these targets ($0.60, $0.91, and $1.23) within just four weeks. Should the momentum persist, XRP stands a good chance of exceeding the $3.56 mark before the year concludes, potentially reaching the long-term target of $32 by 2025.
As of now, XRP is trading at $2.62 after a slight correction from its peak of $2.82. The cryptocurrency has seen an impressive 460% gain over the past month, and hitting $3.56 would represent a further 36% increase. This milestone would also see it break its previous all-time high of $3.40.
In a recent analysis, EGRAG CRYPTO pointed out that XRP is on track to hit price points of $17 and $27. He further observed, “#XRP – $17 or $27? – You Decide.”