Despite the recent dip in XRP’s price, crypto analyst Egrag Crypto sees it as an opportune moment to accumulate more tokens rather than lose faith in its potential. In a recent X post, Egrag hinted at a potential rise of XRP to $22, illustrated by a chart following the green route. This projection aligns with Egrag’s previous prediction from last year, suggesting a $22 valuation by July. Additionally, Egrag highlighted a forming Symmetrical Triangle, viewing XRP’s price dips as buying opportunities as long as the crypto token maintains this formation, a sentiment shared by crypto analyst Jaydee.
Jaydee’s analysis indicated that the Symmetrical Triangle had already formed on the monthly chart, a pattern that triggered XRP’s parabolic move in 2017, resulting in gains exceeding 30,000%. Foreseeing the MACD crossing zero in the coming months, Jaydee’s accompanying chart suggested a potential surge for XRP, reaching well above $12. Egrag, in a recent X post, analyzed XRP’s current price movement, anticipating a regular pattern for the Wave 2 correction and expecting the corrective Wave C not to drop below $0.41. However, he acknowledged the possibility of Wave C falling between $0.35 and $0.40 if certain conditions aren’t met. Stressing the importance of XRP staying above the $0.28 level from a macro standpoint, Egrag remained bullish on XRP, urging holders to prepare for a “big mega boom coming soon.”
According to Egrag, a life-changing opportunity for the XRP community is anticipated between now and 2025, potentially aligning with his earlier prediction of XRP reaching $5 in 90 days, hinting at a transformative event in April. As of the current writing, XRP is trading at around $0.50, reflecting a more than 2% increase in the last 24 hours, as per data from CoinMarketCap.
