Cryptocurrency

Top Chartist Projects When XRP Will Hit $5

Renowned crypto Expert Egrag Crypto has again proven that he does not care about XRP’s back-and-forth price actions over the past few weeks. In one of his recent analyses, he projected XRP to surge beyond its all-time high of $3.8.

Aside from projecting a specific price target, Egrag’s analysis came with an estimated timeline, which might seem ridiculous to some crypto enthusiasts based on XRP’s lethargic price growth in recent months.

Read Also: XRP to $50 or $100? ChatGPT and Google Bard XRP Price Projections and Timeline

Timeline For XRP to Reach $5

Taking to X, Egrag confidently projected XRP rise to $5 in a 90-day timeframe. He noted that XRP reaching $5 will be the start of a meteoric rise in the price of the embattled digital asset. He also pointed out that the projected price will usher XRP into a prolonged bull run.

Part of Egrag’s shared tweet read thus, “In the upcoming 90 days, expect XRP to surge into the $5 range, marking the initial wave 1 of a prolonged Bull Market, one that’s likely to span several months.”

Egrag’s tweet was dated January 9, which invariably implies that the estimated 90-day timeline will conclude around early April.

Egrag Reiterates Bullish Targets

According to another post on X, Egrag quoted an old tweet to reiterate his bullish price targets. In the tweet, he pinpointed “XRP Giant Cup”.

The crypto chartist noted that XRP would see stops at $1.2, $1.6, $7.5, and $13 resistance levels before eventually hitting the $27 price mark. Notably, between $1.6 and $7.5, Egrag reported that XRP will reclaim its ATH.

Based on previous analyses, Egrag seemed highly confident about the prospect of his $27 price prediction playing out. Earlier this year, the crypto specialist cited four scenarios to describe XRP’s potential rise to $27.

Read Also: XRP Price Prediction Based On Bullish Cycle On XRP History

Also, around late November last year, Egrag cited trends from 2017 to convey how he envisages the rise to the whopping price target.

In addition, Egrag had mathematically proven the possibility of XRP reaching $10, $20, $27, or $1000 price levels. It is left to see what plays out in the future.

Meanwhile, per XRP’s data on CoinGecko, the digital asset is currently priced at $0.56, which implies that XRP needs to rise approximately 793% to attain $5 in 90 days. On the other hand, XRP needs to spike relatively 4,721% to hit the highly speculated $27.


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Chinedu Agbakwusi

Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.

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