EGRAG CRYPTO, a well-known crypto analyst, is maintaining his optimistic prediction for XRP, stating that the cryptocurrency will soon reach $1.4. Despite recent market volatility, EGRAG remains confident in his game plan, as stated in a recent tweet.
According to EGRAG’s analysis, XRP has the potential for a significant bullish run. He believes that a monthly close above $1 will trigger the predicted rise and help XRP break out of the single-digit price range.
EGRAG CRYPTO’s bold prediction suggests that investors may soon be able to purchase two XRP tokens for $10, indicating a substantial price increase from the current price of around $0.5249.
The analyst’s chart highlights four zones: the red flag zone, the wicking zone, the ranging zone, and the consolidation zone. XRP recently entered the red flag zone but quickly returned to the wicking zone.
EGRAG believes that XRP is on the verge of a massive surge and could close the month above $1, effectively putting an end to single-digit prices. He anticipates that this performance could drive the cryptocurrency to $1.4 billion and beyond.
This analysis is an update to EGRAG CRYPTO’s previous prediction from December 2023. The analyst has maintained his unwavering belief in XRP’s potential since September 2023, highlighting a crucial Fibonacci level that XRP needed to surpass to reach $1.4.
Despite acknowledging market turbulence, EGRAG remains steadfast in his $1.4 price target for XRP. He encourages the community to stay calm and observe as XRP continues its upward trajectory.
It is important to note that market volatility is a significant factor to consider. The cryptocurrency market is known for its unpredictability, and there is no guarantee that XRP will reach $1.4. However, EGRAG CRYPTO’s analysis suggests that he believes XRP has strong fundamentals and is poised for continued growth.
In the meantime, a prominent XRP proponent has called on Ripple and its executives to take action regarding XRP’s stagnant price. With EGRAG CRYPTO’s targets in mind, the community may not have to wait long before XRP starts to climb.