Here’s How High XRP Price Could Rise After Crossing $1

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As a seasoned crypto investor with over a decade of experience in this dynamic market, I’ve witnessed numerous rallies and crashes. The recent surge in XRP‘s price above $1 has certainly piqued my interest, given its two-year stagnation even amid the broader market’s significant gains.

Cryptocurrency expert Egrag Crypto has shared predictions about how much the price of XRP might increase following its surge surpassing the $1 mark, which represents a two-year peak for this digital currency. Prior to this rally, XRP had been stuck in a state of inactivity, even as the wider cryptocurrency market experienced substantial growth.

XRP Price To Rally To $4 After Breakout Above $1

As a researcher, I recently delved into an analysis of XRP’s price movement in one of my posts. Egrag Crypto foretold that the XRP price could potentially surge to $4.96 based on the breakout above $1. This prediction stemmed from his examination of XRP’s market cap and his belief that it could ascend to a staggering $1.83 trillion. He emphasized that the market cap is now hovering above its Fib 0.07 ($51.35 billion) and has even touched Fib 0.786 ($60.06 billion).

The analyst has pointed out that XRP is surpassing a long-term upward trendline from 2017, indicating a very optimistic outlook for the cryptocurrency. Egrag Crypto predicts that if the monthly closing price goes above the Fibonacci level of 0.786, it could lead to an estimated market cap of approximately $283.42 billion (Fibonacci extension 1.618). At this market cap, XRP would be projected to reach around $4.96 per unit.

For the immediate future, according to Egrag Crypto, this week’s aim is for XRP to finish the incomplete weekly candlestick above $1.10. If it does, it may strengthen the upward trend towards $4.96 and potentially even higher levels.

As I delve into the current price forecast, it’s noteworthy to highlight that significant XRP holders, often referred to as ‘whales’, are actively amassing this cryptocurrency. This trend, if continued, could indicate a positive momentum, potentially leading to a prolonged price surge. Over the past 72 hours, these XRP whales have acquired approximately 320 million XRP.

In a recent analysis, cryptocurrency expert Javon Mark forecasted that XRP could potentially surge by approximately 190% to reach its previous all-time high (ATH). If this happens, he believes the crypto will exceed $3.3, surpassing its current ATH level.

A Repeat Of The 2017 Bull Run

Charting Guy, a well-known cryptocurrency analyst, posits that the price of XRP could mirror its dramatic surge during the 2017 bull run. In a recent post on Reddit, he explained that the expanding monthly Bollinger bands for XRP are evoking the same energy as they did in 2017. Back then, the crypto soared by an astonishing 61,000% and peaked at its all-time high (ATH) in the following year.

Crypto expert Mikybull Crypto posits that the price of XRP may mirror its bull run from 2017. He expressed confidence in his technical analysis, predicting a surprising surge for XRP similar to the one seen in 2017. His chart indicates that during this potential surge, XRP could reach values above $5.

Brad Garlinghouse, Ripple‘s CEO, attributed one of the causes behind XRP’s recent surge to the approaching pro-cryptocurrency policies under President Donald Trump. In the last week alone, XRP has skyrocketed more than 100%. This upward trend is fueled by whispers that the Chair of the U.S. Securities and Exchange Commission (SEC) might step down soon, a move that could potentially improve XRP’s future prospects.

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2024-11-16 23:02