Crypto Analyst Predicts Massive 6600% Surge for XRP, Targets $33.5 Value

A notable crypto analyst has forecasted a formidable bullish upswing for XRP in the near future, the third-largest cryptocurrency by market cap. According to his predictions, XRP is on the cusp of a significant boost, one that could potentially escalate its value from a mere $0.50 to an imposing $33.5. This represents a startling 6600% explosion in the current market cycle.

The news broke when the crypto analyst, identified as Egrag Crypto, shared his innovative findings via a newcomer in social media, known as X, formerly Twitter. His extensive analysis zeroed in on a novel technical feature known as the “Line of Hestia.” Egrag Crypto’s predictions pointed towards bullish price targets for XRP in the not-so-distant future.

The Line of Hestia, in crypto lingo, is an ascending trend line and acts as a technical indicator signaling potential bullish movements for a cryptocurrency. Egrag Crypto’s in-depth research suggests that if XRP grazes this line, it could potentially rocket to a record-breaking $33.5 value. He went on to explain that historical data shows that every time the XRP price collides with the Line of Hestia, it experiences noteworthy price surges.

Digging deeper into the cyclical patterns of XRP growth, Egrag Crypto highlighted some remarkable trends. According to his findings, XRP, following its historical trajectory, has seen pumps reaching an astonishing 6600%, moderate spurts of 1444%, 100%, 80%, and a steady 171%. This led to his conclusion that XRP’s positive price shifts might hold an interesting correlation with the rising trend line.

To crunch the numbers, he calculated the mean percentage increase of XRP’s price each time it engaged with the Line of Hestia. This required tallying up the total increments and then dividing the sum by the total number of instances, which stood at five.

Fuelled by his precise calculations, Egrag Crypto surmises that should XRP undergo a leap of 6600%, its price could reach an incredible $33.50 in the future market. He went on to compute similar price targets using various percentages incurred from previous interactions with the Line of Hestia.

However, it is worth noting that at present, XRP’s trading price is a modest $0.5. Over the past year, it has seen a pattern of significant drops, frequently gravitating towards the $0.5 benchmark for several months. Recent data from CoinMarketCap corroborates this, highlighting a 7.35% slump in the last week alone and a 0.08% decrease in the last 24-hours.

Despite Egrag Crypto’s optimistic outlook for XRP, other members of the crypto community have voiced their doubts over these aspirational forecasts, refusing to believe that a surge to $33.5 is even remotely plausible during this cycle.

In a subsequent X post, Egrag Crypto added a hint of prudence to his predictions. He suggested that XRP might face a substantial price correction before launching into a major rally and advised investors to tread carefully until the XRP/BTC ratio elevates above the $0.00010 threshold.

ADVERTISEMENT

This reveals the analyst’s anticipation of a possible 45% tumble for XRP/BTC, signifying that drastic price fluctuations might point towards a minimum value between $0.0000055 and $0.0000077. Although, he also offered a glimmer of hope by saying that surmounting the $0.00001 resistance would be crucial for an XRP rebound.

Egrag Crypto’s hypothesis has stirred the waters in the cryptocurrency community, making for an interesting debate and an exciting few months ahead as market watchers observe XRP’s movements.