In a stunning revelation, Egrag Crypto, a leading figure in the world of cryptocurrency analysis, recently made an audacious prediction about XRP’s potential rise. According to his carefully dissected price chart, XRP, Ripple’s native token facilitated within the XRP Ledger, could witness a meteoric rise of 102,590%, reaching a grand total of $500 within this upcoming bullish cycle. This projection, if fully realized, would have a dramatic impact on the token’s current modest value.
Egrag Crypto made his bold assertions via a popular online platform on June 10, providing a comprehensive visual of when and how XRP could skyrocket to unparalleled heights during this particular bullish cycle. Guiding his audience through several price points, he indicated the leading trend lines forecasting this gigantic leap which would lead to $6, $20, $60, $180, and eventually climaxing at a $500 peak.
However, this ambitious price forecast isn’t without wrinkles. In his comprehensive analysis, Egrag unveiled two significant timelines for XRP’s surge to the predicted price point — two unique paths, named the Blue Cycle and the Green Cycle.
Under the Blue Cycle trajectory, XRP could potentially witness an exponential rise by July 2024. This cycle encapsulates a 39-month period, or 1,186 days, within which XRP ascended to a cycle peak of $1.96 in April 2021, following its previous high of $3.84 in January 2018. Meanwhile, the Green Cycle unveils a path where XRP could spike to the projected $500 by May 2025. This cycle encompasses 49 months, or 1,492 days, between a December 2013 peak of $0.0614 and the January 2018 zenith.
All predictions, Egrag Crypto clarified, derive from patterns unveiled from XRP’s price swings in past cycles. Both the rise duration and the cycle-to-cycle comparison were taken into account to determine the predicted peak price for the cryptocurrency.
However, external factors can’t be ignored. Levi Rietveld, another leading crypto analyst, indicates that XRP’s momentum may have been stifled by the U.S. Securities and Exchange Commission (SEC). XRP’s litigious past with the SEC, which began when the regulator filed a lawsuit against Ripple on the grounds of an unregistered security offering, may have inhibited XRP from realizing its full potential. While Ripple has achieved some success against the SEC’s claims, the lawsuit’s unresolved status keeps XRP and its investors in a state of suspended animation.
Despite the ongoing legal hurdles, Egrag Crypto remains optimistic, insisting that the resolution of the lawsuit could be the stepping stone towards the $500 price surge. Armed with patience and a keen eye for the market’s twists and turns, the XRP army eagerly awaits the dates proposed by Egrag –July 2024 and May 2025— for they may prove transformative for the fate of XRP and its investors across the globe.
