Prominent community analyst EGRAG has emphasized that XRP is poised for a 3,000% surge after its recent collapse to $0.43.
In a recent update on X, EGRAG provided the community with insights into XRP’s upcoming actions in light of the recent setback. XRP is down significantly by over 21% in its seven-day trajectory. In particular, it revisited $0.4336 last week, its lowest point this year.
This substantial decline reflects the prevailing bearish sentiment in the crypto market. However, XRP’s plunge to $0.43 did not surprise EGRAG, who had already identified this level as a worst-case scenario in an analysis earlier this month.
Specifically, on April 1, the analyst updated the community about XRP’s closure for the first quarter of the year. He projected an optimistic target of $0.75 and a pessimistic low of $0.44. Just two weeks later, the bearish scenario materialized.
Next Move is 1,000% to $3,000% Surge
Now, banking on the accuracy of this earlier forecast, the analyst offered a positive range for which XRP enthusiasts may expect to see soon. He argued that XRP’s next move could result in a minimum increase of 1,000%. With XRP at $0.49 at press time, EGRAG potentially expects it above $5 soon.
In addition, EGRAG has established an impressive upper limit, projecting the potential percentage rally at 3,000%. If this projection materializes, it could propel XRP to approximately $15.
#XRP Q1 Candle Closed (UPDATE):
I will update the below chart on 2 weeks time frame.
We accurately predicted the range that #XRP might trade within, and it has indeed hit our lower target!
The next move could be between 1000% to 3000%!
In these turbulent trading days, it… https://t.co/gvSGpVblUo pic.twitter.com/zVjwGBrcKO— EGRAG CRYPTO (@egragcrypto) April 14, 2024
$22 Target for XRP In Sight
Meanwhile, EGRAG expects even higher price growth for XRP in the bull market. Amid the recent turbulent trading days in the market, EGRAG noted that most individuals may struggle to see the light at the end of the tunnel.
However, he remains optimistic about XRP. He presented a chart indicating a potential price target ranging between $10 to $22 should historical trends re-emerge.
Other Bullish Analysts
Other prominent analysts like Dark Defender have also revised their outlooks for XRP. In his latest update, Dark Defender emphasized that XRP’s current position is not a coincidence.
He noted that nothing has changed in terms of the technicals. This analyst expects XRP to reach $5.8 in the short term. Others like Javon Marks have re-emphasized XRP’s potential for a 40,000% surge to $288.