XRP community members still remain hopeful to see their choice digital asset print an extraordinary upward trend in the long run. And this recent prediction from Egrag, a cryptocurrency analytics firm, is suggesting that the price of XRP could reach $10 or $27 by the end of 2025.
XRP has been one of the most popular cryptocurrencies over the past few years, and its price has seen tremendous growth since its launch in 2013.
According to Egrag’s analysis, if XRP takes the “Blue Ascending Triangle” order, it could rise to $10 in the next two years. Meanwhile, if the coin takes on the “White Symmetrical Triangle” order, its move could result in a price as high as $27 by 2025.
The cryptocurrency analytical firm indicated that the condition that would confirm XRP’s breakout in either Ascending or Symmetrical order is the asset closing above the 20-day moving average on the monthly time frame. Egrag indicated that, if XRP can register multiple closes above the moving average, this would confirm the breakout of the asset.
#XRP White Symmetrical or Blue Ascending Triangle:
You choose your course of Action?
1) White Symmetrical Triangle $27
2) Blue Ascending Triangle $10The 20 MMA is the single confirmation that will provide clear signal for the #Bullrun. Close multiple closes above 20 MMA or… pic.twitter.com/DoqgyevFhS
— EGRAG CRYPTO (@egragcrypto) May 3, 2023
Read Also: Ledger Speaks on the Security of XRP Users’ Funds: Details
In recent years, each time the asset closed above the 20-day moving average after 30 days, it has always followed a breakout pattern. While the Ascending and Symmetrical pattern would be considered a bullish outcome in this upcoming breakout, taking the white symmetrical path could potentially increase XRP’s price target by almost three times.
It remains to be seen if Egrag’s prediction comes true, but XRP investors certainly have a lot to be excited about. If the asset does reach $10 by this time next year, it would be a major milestone for the asset and could open the door for even more investors to join the fray.
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