Prominent crypto analyst EGRAG CRYPTO (@egragcrypto) has revisited his June 2023 analysis on XRP, reiterating bold price targets. XRP is trading at $3.18 after a 25.7% surge over the past week, and EGRAG CRYPTO’s latest post highlights the growing potential of the digital asset.
His analysis from 2023 is centered on Fibonacci projections, with the 1.618 Fib level indicating a $10 price target and the 2.618 Fib level pointing toward $124. According to him, history may repeat itself, and XRP could achieve these targets, especially as it remains one of the few cryptocurrencies with regulatory clarity.
He believes reaching the $10 target will be a breeze for XRP, and the $124 level is the clear roadmap for the asset, suggesting a long-term climb to this ambitious target.
#Reposting:
This is one of the simplest yet most illustrative charts. When #XRP was at $0.40, only a few OGs were eyeing the high targets.If we break through the $10 mark, holding #XRP below $1 will position you among the visionaries and gurus.
How many times have we said… https://t.co/JatNlDXdEN
— EGRAG CRYPTO (@egragcrypto) January 18, 2025
XRP’s Superiority to Other Digital Assets
In his June 2023 post, EGRAG CRYPTO stated that “XRP might be the only crypto with legal clarity,” a reference to the regulatory challenges faced by other cryptocurrencies, including Bitcoin.
Since his post, Ripple has secured multiple favorable rulings in its legal battle with the U.S. Securities and Exchange Commission (SEC), including a ruling that XRP is not a security and non-institutional XRP sales are not securities offerings.
This distinction, he argues, sets XRP apart in the digital asset landscape. He also noted that the outlined targets are grounded in technical analysis, historical patterns, and trading principles.
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Why You Should Hold XRP
In his recent post, EGRAG CRYPTO encouraged early adopters to recognize the opportunity presented by XRP trading below $1, calling it a potential path to “generational wealth.” His post stressed the importance of holding XRP through pivotal price points like $10, reaffirming his belief in the asset’s long-term value.
He noted that once the asset breaks through the $10 level, those who were wise enough to buy XRP at $1 will be among the “visionaries and gurus.” At the time of his analysis in 2023, XRP was trading below $0.5, but EGRAG CRYPTO and many in the community had faith in the asset. Now it has crossed $3, and many believe it will never come down again.
The analyst added, “If anyone DMs me asking whether to buy XRP at $2.80, $2.70, or any other price, I will block them.” After years of convincing investors to buy low, the time has come for those who invested early to reap their rewards.
Another well-respected crypto figure recently stated that he will not sell his XRP below $100, and EGRAG CRYPTO’s target of $124 suggests the asset would climb much higher.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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