Crypto analyst Egrag Crypto provided insight into XRP’s future trajectory, predicting that the crypto token could rise to triple digits. His prediction comes amid a recent spike XRP trading volumewhich also provides a bullish case for the crypto token.
XRP To Reach $200 Sometime
Suggested by Egrag on X (formerly Twitter) posted that XRP can reach $200 at a given time based on its subsequent combination of triangles. He said that in the future, the young people will talk about how XRP trading currency it stays around $50 (instead of its current price of around $0.50) and that these same people will complain about XRP pumping from $50 to $200.
Basically, the analyst predicted that XRP will experience significant growth soon and that XRP newcomers will not understand how the crypto token has come a long way, considering that he remained standing for a while now. He said these investors “will not understand seven years of conviction and surrender.”
Egrag admitted to being frustrated about Hot XRP price action and they also said that the creators of the XRP Ledger (XRPL) are “starting to nag and feel frustrated.” However, as always, he urged the XRP army to “stay strong.” He suggested that XRP is a sign of the future, as he said that “all previous models will be thrown out the window because they will not work in the fourth industrial revolution.”
Egrag’s analysis comes amid a recent surge XRP derivatives trading volumewith data from Coinglass showing a 300% increase and a total of $3.24 billion sold in the last 24 hours. In addition, data from CoinMarketCap shows that the trading volume of the XRP spot has increased by more than 200% in the last 24 hours.
This development is important. It shows that crypto investors and traders are actively invested in the crypto token and are likely to look at it collect more XRP at this time, which may affect the price rally of the crypto token. Interestingly, XRP is one of the few crypto tokens that rose in the last 24 hours despite the recent crypto market dip.
Another Bullish Outlook
Crypto analyst Casi Trades and recently gave a bullish view of XRP. He it is said the crypto token looked “very bullish” as it had just broken out of gold recovery levels. Casi Trades also said that the altcoin needs to achieve “strong explosion” above these resistance levels, we note that such an occurrence will clearly indicate a new trend.
He suggested that this could be a big moment for XRP, saying “this test could be the moment” the market has been waiting for. Casi Trades sounded optimistic about that XRP can reach this breakout as he said Bitcoin has pulled back near the .618 level, which he believes could set the stage for an exit.
The featured image was created with Dall.E, a chart from Tradingview.com
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