Lately, Egrag, a renowned crypto chartist and XRP enthusiast has been rolling out bullish price predictions for XRP, the sixth-largest cryptocurrency by market capitalization.
Taking to X handle, Egrag called the attention of his teeming followers to possible price targets, which XRP must exceed on its way to attaining a $10 price mark.
Notably, the price levels highlighted were three, and Egrag confirmed them to be prices for the short term. He said they might play out sooner than expected.
Read Also: Google Bard’s Projected Timeline For XRP To Reach $3, $7, $11, or $15
Meanwhile, at the time of writing, XRP is changing hands at approximately $0.62. It is down by 0.2% and fluctuating between maximum and minimum prices of about $0.65 and $0.61, respectively, in the past seven days.
#XRP Short-Term Targets: Aiming High! 🚀
— EGRAG CRYPTO (@egragcrypto) December 25, 2023
Exceeding these targets would fuel incredible bullish momentum:
🎯 0.6530c
🎯 0.6720c
🎯 0.7000c
My determination for #XRP to hit $1 goes way beyond a simple goal:
A) It's about laying the groundwork for a rock-solid foundation,… pic.twitter.com/wHOTXtZofP
Short-Term Price Targets For XRP
According to the crypto expert, XRP must first beat an initial $0.6530 price constraint, which would usher the token into a second resistant level at the $0.6720 price mark.
XRP already reached the $0.6530 level within the week before declining to its current price. On the other hand, the $0.6720 price target has also been exceeded sometime within this year. It is left to see how soon XRP would break above these prices again.
The final target was fixed at the $0.7 price mark. Egrag noted that once this price mark gets exceeded, $1 becomes feasible.
The crypto expert added that reaching the $1 price level goes beyond mere realization of the price, stating that it is more about laying a strong foundation to ensure XRP sustains price levels above $1 for a prolonged period. Also, it simplifies the journey towards attaining $10 and beyond.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Top Bitcoin Investor Says XRP Rise to $1.33 Will Be Fast, “I Might Dump BTC for XRP”
$10, $20, $27, or $1000 Is Mathematically Achievable
Egrag explained what he meant when he stated that attaining a $1 price level makes it easier for XRP to reach $10.
According to the crypto expert, understanding the chemistry between percentages and math will be essential in deducing possible price targets.
Egrag stated that “achieving a 1000% increase or leaping 10X from $1 to $10 holds a similar mathematical weight as reaching 0.10c from $1.”
He concluded by stating that $10, $20, $27, or $1000 and beyond are mathematically possible.
In a nutshell, Egrag’s explanation was centered on uniformity, implying that following a similar pattern for price increments could pave the way for making informed price projections by adopting the already-formed pattern of price spikes.
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