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Crypto Analyst Predicts Massive 8,400% Rise For XRP Price To $44, Calls It ‘Conservative’
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Crypto Analyst Predicts Massive 8,400% Rise For XRP Price To $44, Calls It ‘Conservative’

Scott Matherson
Scott Matherson
7 months ago
3 mins read
XRP price

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Crypto analyst Egrag Crypto has predicted that the XRP price will rise 8,400% to $44. Interestingly, the analyst suggested that the crypto could still reach a higher price target, calling the $44 price level “conservative.”

XRP Price To Reach $44

Egrag Crypto predicted in an X post that the XRP price would reach $44. He highlighted this price level as one of the conservative targets based on the current cycle and the Fib Channel. The $44 price level is the target based on the Fib 0.702 channel. The other price targets he mentioned were $13 and $27, based on the Fib 0.5 and 0.618 channels, respectively. 

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XRP Price 1
Source: X

The analyst is confident that the XRP price will hit these price targets. He claimed that since the crypto’s inception, the chart has indicated that the market can expect pumps to these Fibonacci Channel levels. Egrag Crypto also suggested that XRP will reach these price targets in this bull run, claiming that this is what the chart states. 

Egrag’s label of these price targets as conservative also means that the XRP price could still rise higher in this bull run. The analyst didn’t provide any other price target, but other analysts like Javon Marks have predicted that the crypto could reach three digits. Marks recently predicted that XRP could rise to as high as $200. 

The analyst stated that the crypto has broken out of a Pennant pattern of over six years. He claimed that hold of this break plus a Logarithmic Follow-Through after can send XRP to $200, representing a price gain of over 30,000%. 

Price prediction 2
Source: X

Marks expects the XRP price to reach $3.3 in the short term, close to its current all-time high (ATH) of $3.8. The analyst explained that since 2022, the crypto has confirmed multiple hidden bull divergences and is on course to achieve a bull breakout. 

According to him, this bull breakout will lead to a price gain of over 450% as XRP reaches the $3.3 range. He added that this price breakout may only be a start, especially since he believes the crypto will still reach $200. 

XRP Price 3
Source: X

The Worst Case Scenario

Amid these bullish predictions for the XRP price, Egrag Crypto has also revealed the worst scenario for the crypto in this market cycle. He claimed that XRP would at least reach between $2.3 and $5.89 in this bull run and outlined two reasons why he believes the crypto can at least reach these price targets no matter what. 

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Price 4
Source: X

First, he noted that XRP managed to do a 10x from the bottom after the US Securities and Exchange Commission (SEC) dropped the lawsuit in December 2020. He stated that XRP could easily hit the $5 to $ range if there is a similar situation after the SEC appeal. He added that the crypto might reach the Fib 1.618 level at around $6.5. 

XRP price 5
Source: X

Secondly, he mentioned that the XRP price could hit $2.31 and $2,88 if the Bitcoin price reaches $80,000 and $100,000, respectively. He expects XRP to mirror BTC’s move, just like it did in the 2021 bull run. 

XRP price chart from Tradingview.com
XRPXRP price recovers quickly | Source: XRPUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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