Analyst Who Called Recent Crash Says XRP Is Set For 3000% Rally. Here’s why

On April 1st, 2024, Egrag Crypto, a well-known crypto analyst, posted a tweet about the closing of the XRP Q1 candle. In the tweet, he stated that the “Gate to Valhalla” was above $0.75 and the “Door of ValHell” was below $0.44. He also encouraged the XRP army to “stay steady” and to secure profits if needed.

On April 14th, 2024, Egrag Crypto provided an update to his analysis. In the update, he acknowledged that his prediction of the range that XRP might trade within was accurate, as XRP reached the lower target of $0.44. Egrag Crypto then stated that the next action could send XRP 1000% or 3000% up.

Read Also: Analyst Predicts 94% XRP Price Surge to $1.2. Here’s the Timeline 

He acknowledged the difficulty for many to understand the market in turbulent times but included a chart to suggest a potential price target between $10 and $22. Egrag Crypto concluded the tweet by encouraging the XRP army to “stay steady” as the next move is “up” and will be “aggressive.”

It should be noted that the future price of XRP, and any other cryptocurrency, is difficult to predict due to high volatility. Investors should always conduct their own research before making any investment decisions.

The chart included in Egrag Crypto’s tweet appears to be a price chart of XRP over time. The chart shows that XRP has been on a downward trend since early 2024. However, the chart also shows some periods of upward movement.

Egrag Crypto’s prediction is based on the idea that XRP will experience a similar price move to what it experienced in the past. This is a common technical analysis technique, but it is not guaranteed to be accurate.

Read Also: XRP to $1.4 Soon? Top Analyst Reiterates Bullish Outlook

Another Analyst’s View

Egrag Crypto isn’t the only analyst with a bullish outlook for XRP. Mikybull Crypto a well-respected crypto analyst has also pinpointed a significant bullish wave in late 2017 that ultimately led XRP to its all-time high of $3.84 in January 2018.

He highlighted a preliminary phase within the wave, which indicated a pre-bullish trend. This trend later intensified into a powerful bullish movement, though the momentum eventually slowed and transitioned into a consolidation period.

Only time will tell if the various predictions for XRP will come true. Investors should carefully consider their risk tolerance before investing in any cryptocurrency.

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