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XRP Price Set For 3,000% Rally To $22, Analyst Predicts
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XRP Price Set For 3,000% Rally To $22, Analyst Predicts

Scott Matherson
Scott Matherson
1 year ago
4 mins read
XRP Price

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Crypto analyst Crypto Egrag has provided an update on his recent analysis, where he predicted that XRP would experience a significant price decline. Having called that correctly, Egrag has now predicted what the next move will be for the crypto token. 

XRP Price Could Rise To As High As $22

Egrag mentioned in an X (formerly Twitter) post that XRP’s next move “could be between 1000% and 3000%.” He acknowledged that the current market conditions might make it hard for anyone to envisage XRP seeing such a move. However, he added that the chart indicates that XRP would rise to between $10 and $22 if historical moves from 2017 or 2021 repeat themselves. 

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Source: X

Egrag also noted that XRP had hit the lower target he had predicted for the crypto token, suggesting it was well primed for such a parabolic rise due to this price correction. In his earlier analysis, the analyst had predicted that XRP could drop to as low as $0.44, which it eventually did on April 13. Since then, the token has recovered and is looking to break the $0.50 resistance level in preparation for its parabolic rise. 

Meanwhile, crypto analyst Lunc Maxi’s recent analysis also echoes sentiments similar to those shared by Egrag Crypto. The crypto analyst shared XRP’s daily chart and noted that it looks exactly like 2017 and “even had the same drop.” If XRP’s current price action follows 2017, then there is a greater likelihood of XRP hitting $22 than just stopping at $10 since Egrag’s chart showed that a similar move to 2017 will take the crypto token to that price level.

XRP’s Short-Term Price Target

In a subsequent X post, Egrag suggested that XRP might be headed to $1.4 in the short term. While he admitted that there could be further price declines before this move occurs, he added that XRP bulls have shown that they are willing to match the selling pressure from the bears. Therefore, it shouldn’t be long before the bulls take control and cause XRP’s price to surge. 

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He further urged XRP holders not to be deterred, stating that these price dips are “just opportunities for your bids to be filled, and these bids could be life-changing opportunities.” XRP’s rise to such price levels would indeed be life-changing for XRP investors. However, considering its unimpressive price action so far, it remains to be seen if the crypto token will attain such heights. 

At the time of writing, XRP is trading at around $0.49, down almost 4% in the last 24 hours, according to data from CoinMarketCap.

XRP price chart from Tradingview.com (Crypto analyst)

Token price drops following market crash | Source: XRPUSDT on Tradingview.com
Featured image from VOI, 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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