Analyst Unveils XRP Factor 60X With 76,800% Price Projection To $400

Drawing inspiration from historical trends, Egrag, a top crypto chartist renowned for projecting incredible price spikes for XRP, recently took to Twitter to share a roadmap that could catapult XRP to $400. 

Egrag’s newest potential surge in XRP market value, which estimated a mind-blowing 76,800% increase, was tagged, “XRP Bull Market Line! Factor 60X Unveiled.”

Read Also: Jeremy Hogan to Ex-SEC Official: XRP Price is Influenced By The SEC, Not Ripple

Egrag’s Price Projections Stem From Bull Market Lines

Notably, Egrag’s prediction was carved out of bull market lines. Per his XRP price trajectory, the bull market line 1 gave the impression of XRP’s unprecedented rally. 

The fixed price mark for bull market line 1 was $0.02. XRP spiked above the $0.02 price level in early 2017 and finally attained the first price target at the $0.43 mark in May 2017. 

In the end, XRP climbed to a remarkable $3.35 market value in January 2018. The $3.35 achieved in January remains the digital asset’s highest recorded price since its onset. 

Expectations From Exceeding Price Targets For Bull Market Line 2

Egrag pegged the price target for bull market line 2 at $1.2. He noted that conquering the $1.2 price mark for the bull market line 2 would precede another XRP rally that would catapult the digital asset to $40 and $400 price levels.

Taking cognizance of the rhythmic pattern of market cycles, Egrag highlighted a $1.2 to $0.02 ratio, which implies a 60× increment based on calculations. This particular ratio served as the basis for Egrag’s incredible price spike.

Read Also: Forbes: China Just Made a Notable Game-Changing Move That Could Impact XRP Price

Attaining $40 and $400 With XRP Current Price

Per XRP’s data on CoinGecko, XRP’s price at the time of writing is approximately $0.52, implying that an increase to $40 would indicate an increment of about 7,590%.

On the other hand, an XRP market value around the region of $400 would imply a spike of approximately 76,800%.

XRP’s price prediction might seem incredibly ridiculous. Nevertheless, it has historical backing, implying that it stands a chance of playing out in the future.

However, the timeline for it to play out remains grossly uncertain. Readers should take the predictions half-heartedly while doing their research before investing.

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