XRP Rockets Upwards as Top Analyst Predicts a Staggering 900% Surge!

XRP is exhibiting a mild yet noticeable bullish trend, with its price rising by 0.6% over the past 24 hours to $0.6212, according to CoinMarketCap data. Capitalizing on this trend, top market analyst EGRAG CRYPTO has put forward an exceptionally bullish prediction for the digital currency, suggesting a potential surge of up to 900% in the long term.

EGRAG CRYPTO's Bullish Analysis: XRP Primed for Impressive Surge, Historical Trends Point to Potential 900% Increase

EGRAG CRYPTO's analysis begins by pointing out historical trends indicating an impending surge with gains ranging from 6x to 10x. Referring to the XRP two-week price chart, he highlights a breakout of approximately 902.85% observed around 2017, coinciding with the 21 EMA crossing above the 55 EMA. During this period, XRP surged from around $0.007 to $0.0646. This historical setup appears to be repeating, potentially leading to two price targets: a soaring increase of up to 900% to $5.5, and a more conservative projection of a 584% increase to $4.

EGRAG CRYPTO is notably one of the most bullish analysts on XRP, regularly sharing technical and fundamental analyses indicating an imminent breakout for the coin.

XRP's Potential Amidst Lawsuit: Despite Challenges, Analysts Eye Positive Resolution for Price Boost

In contrast to assets like Bitcoin, which recently reached a new all-time high (ATH) surpassing $73,000, XRP remains down by 83.6% from its peak price of $3.84.

The ongoing XRP lawsuit poses a significant challenge for both the coin and Ripple Labs Inc. However, a positive resolution to the suit, despite the SEC's nearly $2 billion demand, could provide a substantial boost to XRP's price.

EGRAG CRYPTO's thesis, along with other market analysts' perspectives on XRP's growth, underscores the potential of digital currencies in facilitating payments, a feature with significant long-term growth projections.