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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Can XRP Market Cap Touch $1.5 Trillion? Analyst Reveals The Math Behind It

Scott Matherson
Scott Matherson
3 months ago
3 mins read
XRP

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Crypto analyst Egrag Crypto has made a bold prediction that the XRP price can hit a $1.5 trillion market cap. He revealed how the altcoin can achieve this milestone by alluding to technical indicators, which show the measured move from this current market cap to a $1.5 trillion market cap. 

How The XRP Price Can Reach $1.5 Trillion Market Cap

In an X post, Egrag Crypto stated that the Logarithmic move could send the XRP price to around $1.5 trillion market cap, exceeding the Fib 1.618 by approximately $500 billion. Meanwhile, the Non-Logarithmic move will put the altcoin at around $270 billion, aligning with the Fib 1.618. 

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The crypto analyst remarked that he sees two potential growth levels by measuring the previous cycle, the move from Fib 1.0 to Fib 1.618. Based on this, he predicts a 242% increase and a 600% increase. He then highlighted the four possible targets from the lowest to the highest. The first is the projected XRP price rally to a $270 billion market cap in line with the non-logarithmic measured move. 

XRP
Source: Egrag Crypto on X

The second target is a 242% XRP price rally to a $450 billion market cap, backing the previous cycle’s move from Fib 1.0 to Fib 1.618. The third target is another 242% rally to a $978 billion market cap. Meanwhile, the rally to a $1.5 trillion market cap is the last target, with the Non-Log W pattern measured move for maximum potential. 

Egrag Crypto highlighted what the XRP price could be based on its current circulating supply of 58.68 billion if it reaches these market cap targets. The altcoin’s price will be $4.60, $7.66, and $16.65 if it reaches the $270 billion, $450 billion, and $978 billion market caps, respectively. Meanwhile, XRP will hit $25.56 if it reaches the $1.5 trillion market cap milestone. 

Another Analysis To Support This Price Projection

In another X post, Egrag Crypto predicted that the XRP price can reach between $13 and $22 based on his analysis of the altcoin’s yearly chart. He stated that candle 13 will be the breakout candle, which will lead to the rally to $13 or $22, with the wick potentially extending even higher. 

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He noted that by analyzing Candle 9, the 2021 yearly candle, and its full body move of an 800% gain, applying this increase to Candle 13 points to an XRP price target of around $17. He added that this aligns perfectly between Line 1 at $13 and Line 2 at $22. It is worth mentioning that Egrag Crypto has also predicted that the altcoin could rally to $27 in 60 days, aligning with the $1.5 trillion market cap projection.  

At the time of writing, the XRP price is trading at around $2.28, down in the last 24 hours, according to data from CoinMarketCap.

XRP
XRP trading at $2.29 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, 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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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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