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A cryptocurrency analyst has predicted a massive price surge for XRP, anticipating the cryptocurrency to witness a greater than 600% improve. Despite its historically sluggish growth, XRP has begun to assemble momentum, displaying potential to expertise main worth progress through the 2024 bull run. 

Price Projected To Soar Above $5

A crypto analyst recognized as Egrag Crypto has taken to X (previously Twitter) to predict an exponential price surge for XRP. According to Egrag Crypto XRP is “guaranteed” to expertise a 600% to 1000% improve to new all-time highs round $5.5. 

Basing his predictions on XRP’s historical data from 2017, the analyst shared a chart illustrating XRP’s price movements over time. He delved into the cryptocurrency’s minimal and shortest worth pumps noticed when the 21 Exponential Moving Average (EMA) crosses the 55 Moving Average (MA).

The crypto skilled disclosed that in 2017, the altcoin witnessed a major worth surge of roughly 902.85%, driving its worth to $0.0646 on the time. Around 2021, the cryptocurrency recorded one other pump, surging by about 585.29% to commerce above the $1 worth mark. 

Following historical trends, XRP is anticipated to bear a considerable surge of 585.20%, reaching a worth stage of about $3.26 in 2024. The analyst has revealed that if XRP manages to realize a 900% or 585% price pump, it may doubtlessly rise even additional to $5.5 or $4, respectively. 

On the flip aspect, Egrag Crypto has disclosed that if XRP fails to realize an all-time excessive of $5 to $10 through the 2024 bull cycle, the cryptocurrency might not expertise a bullish surge till the subsequent bull run. Despite this, the analyst has remained assured in XRP’s potential to realize triple-digit beneficial properties and attain new all-time highs quickly. 

When Will XRP Witness A $5.5 Price Surge?

When asked by a crypto group member in regards to the timeline for the worth of XRP to doubtlessly rise to $5.5, Egrag Crypto boldly affirmed that the window of uptick lies between April and July 2024. He urged the XRP military to brace themselves for this doubtlessly bullish period, emphasizing a powerful perception for XRP to surge to unprecedented heights.

Despite its current price drops, the sentiment surrounding XRP has remained optimistic, with many crypto analysts predicting bullish price movements for the cryptocurrency. At the time of writing, XRP is buying and selling round $0.61, reflecting a decline of 1.77% during the last 24 hours and three.93% over the previous week, in line with CoinMarketCap. 

While the cryptocurrency has efficiently crossed resistance levels above $0.5, it’s nonetheless a good distance from surpassing its all-time excessive of $3.84 recorded in 2018.

Token worth trending at $0.62 | Source: XRPUSDT on Tradingview.com

Featured picture from Bitcoin News, chart from Tradingview.com

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