In a recent analysis, EGRAG CRYPTO (@egragcrypto), a prominent crypto chartist and XRP advocate, made a bold prediction, forecasting a massive 2500% price surge for XRP by the year 2024.
He shared this prediction in a post on X. According to the analysis, there is a strong possibility of XRP experiencing a substantial bull run in 2024, one that could eclipse its previous price all-time high.
#XRP Only 2500%:
If you can't see the incredible potential of #XRP in the chart below, especially when breaking through MYTL, then I'm afraid there's little more I can do to convince you.#XRPArmy STAY STEADY and do not forget that we have clarity for GOD's sake. pic.twitter.com/S1097h4ujS
— EGRAG CRYPTO (@egragcrypto) September 12, 2023
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In the analysis, he drew interesting comparisons between XRP’s historical bull run and the potential for a similar surge.
Comparing the price movements between 2014 and 2018, he highlighted striking similarities between the two periods and the current market conditions, suggesting that a significant bull run for XRP could be on the horizon.
According to the chart, the next phase of the bull run could send XRP up by relatively 2,500% from its current prices and this could happen very soon.
Will XRP Go Up 2,500%?
If the price of XRP were to go up 2,500%, it would break the previous all-time high to reach up to $12. This adds up with another recent prediction for a bull run for XRP. A lot of signs are pointing toward an increase in price and other members of the community share EGRAG CRYPTO’s belief.
JaePayne (@jpwasbf) replied stating that EGRAG CRYPTO’s analysis looks possible and conservative based on the history of XRP.
the chartist’s confidence in his prediction is also clear. He pointed out in his post that there was nothing else he could do to convince anyone who couldn’t see the immense potential of XRP at this point.
Read Also: State-of-the-Art Machine Learning Algorithm Sets XRP Price for September 30, 2023
He closed out by saying, “#XRPArmy STAY STEADY and do not forget that we have clarity for GOD’s sake,” which corroborates Ripple CTO, David Schwartz’s statement that XRP is second only to Bitcoin among cryptocurrencies with regulatory clarity in the U.S.
In the same tweet thread, the chartist wrote, “XRP is far from being just another coin influenced by market conditions; it has the potential to transform the digital landscape. Comparing a monkey’s swimming ability to a fish’s is akin to comparing apples to oranges. XRP represents a distinct asset class in the digital world.”
As the legal battle with the SEC continues to unfold, XRP enthusiasts will have their eyes on the market. It will be interesting to see which one of the recent predictions for XRP is most accurate.
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