Egrag Crypto, a crypto analyst, has forecasted that the XRP price could reach $110 and has disclosed the anticipated timing of this price increase.
Egrag Crypto, a crypto analyst, has expressed an extremely optimistic prognosis for the XRP price, predicting it could rise to triple digits. The analyst disclosed the date the cryptocurrency would experience this parabolic rally to the specified price.
The price of XRP is expected to reach $110 in the upcoming cycle
In an X post, Egrag Crypto, a crypto analyst, predicted that the XRP price could increase to triple digits and reach $110 during the subsequent bull cycle. He also anticipated that the cryptocurrency would reach double digits this cycle. He provided an update on his “Just Do It” chart analysis to elucidate the reason for this price increase.
The analyst noted that the cup pattern’s measured motion had formed well within the arc, alluding to his accompanying chart. He further stated that the breakout has verified that the pattern is proceeding as anticipated.
Egrag Crypto, by this, asserted that the potential peak of the XRP rally is approximately $13, suggesting that this is the point at which the cryptocurrency could reach its peak in this cycle. In the interim, the XRP price is anticipated to increase to a maximum of $110 during the subsequent bull cycle.
In an additional X post, the crypto analyst provided his perspective on the current XRP price action by examining the 8-hour time frame. He stated that as long as XRP remains within the horizontal channel, all other information is merely market noise, referencing his chart.
He observed that a closure below $2.3o is bearish, while a close above $2.60 and $2.85 is deemed “super bullish” and “bullish,” respectively. He further stated that a close above $3.11 would prompt a rally toward XRP’s current all-time high (ATH) and potentially establish a new one.
A return to a new all-time high at $4 is imminent
In an X post, Mikybull Crypto predicted that the XRP price could rebound to $4, establishing a new ATH for the crypto industry. According to his accompanying chart, the rally to the $4 price target would occur this month.
The chart indicates that XRP may continue to appreciate a maximum of $5.5 after surpassing the $4 target. Additionally, a crypto analyst, Dark Defender, anticipated that the price would shortly surpass the $5 threshold.
According to him, the Relative Strength Index (RSI) lows indicate that XRP has nearly completed the consolidation on the daily chart. The analyst contended that Wave 3 is preparing to launch a missile at the $5.85 resistance by this. According to the analyst, the short-term target is between $5.85 and $8.76.
The analyst had previously predicted that XRP could reach $8 if it maintains its position above the $3 level, which remains a critical breakeven point. During this time, Dark Defender emphasized $1.88 and $2.33 as critical support levels for XRP.
XRP is currently in a consolidation phase
CasiTrades, a crypto analyst, stated in an X post that the XRP price was still consolidating even though the crypto maintained a strong performance over the weekend. She observed that this price action is consistent with the anticipated trajectory of wave 4. Nevertheless, the analyst stated that she believes it is feasible for an additional low to occur before the conclusion of the price correction.
CasiTrades also stated that the.618 Fibonacci extension and five retrace levels are the most aligned for XRP at $1.92 to $1.88. The analyst disclosed that these are the primary areas to monitor this. Additionally, she disclosed that she has made minor modifications to her purchases, now priced at $2.09, $1.92, and $1.53.
According to the crypto analyst, the XRP price is currently at the apex of the consolidation and is at a decision point in the market. She said a potential C wave would be targeted at $2.92 if a break above occurs. Conversely, the support levels at $2.09, $1.92, and $1.53 would be the focus of a break below.
It is important to note that crypto analyst Egrag Crypto had previously predicted that XRP could fall to as low as $1.4 if it replicates a similar corrective move from the previous cycle. The analyst proposed that a price collapse of this nature is an excellent opportunity to purchase XRP, as he anticipated it would continue to appreciate during this market cycle.
