XRP Still On Course For $6.7 as Market Cap Maintains 10-Year Trendline Support

Two new price projections on X show that XRP may be on the brink of a significant rally. These predictions are from prominent crypto analysts EGRAG CRYPTO (@egragcrypto) and JD (@jaydee_757), and one of them predicts that XRP could reach $6.7.

Both experts delved into XRP’s price movements. Their breakdowns of XRP’s price history show that XRP is about to experience a massive surge.

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EGRAG CRYPTO Predicts $6.7

EGRAG CRYPTO’s analysis revolves around assessing percentage gains during the former price surges. His focus is on single candle surges that showed a 300% increase or more. The cumulative outcome of these surges gives a remarkable average surge of 1,160% in XRP’s value.

EGRAG CRYPTO’s new analysis builds on a prior analysis, where he predicted a surge to $2. In that analysis, he highlighted two key XRP trading zones, Zone A and Zone B. These zones were supported by areas he called “Steel Foundations.”

XRP is trading at $0.5354. Although it is up 5.53% in the last 24 hours, it is still in Zone B, which ranges from $0.3263 to $1.6188. EGRAG CRYPTO expects it to break out of Zone B soon. This breakout will create a new zone with its foundation between $1.6188 and $2.

His new analysis predicts a price target for XRP’s surge. He states, “This leads us to a tantalizing price prediction of $6.7, nestled within the range of $6.5 to $7.”

JD’s Analysis of Market Cap Resilience

JD’s prediction centers on XRP’s market capitalization on the monthly chart. JD highlights the fact that the market cap has consistently held above a 10-year trendline, acting as reliable support.

The chart shows that XRP’s market cap has been a reliable support for the trendline since 2015. Interestingly, while maintaining this support, the market cap encountered another three-year downward trendline from 2015 to 2017.

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XRP broke free from the 3-year downward trendline during the 2017 rally, reaching its all-time high in January 2018. After this rally, XRP entered another downward trendline that has been going on for 8 years.

However, XRP’s market cap has shown resilience by continually finding support from the 10-year upward trendline. The convergence of this trendline with the 8-year downward triangle will form a symmetrical triangle.

The same triangle formed in 2017, which led to the surge that took XRP to its all-time high, and the new triangle could see XRP reach another all-time high. A few months ago, another analyst predicted that XRP could reach $6 by December. All these predictions seem to be pointing in the same direction for XRP, but are they feasible? Time will tell.

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