Rally

April

Rise

<p><a href="https://bitcoinist.com/39000-xrp-price-to-hit-220/" rel="nofollow">Crypto analyst Crypto Egrag</a> has provided an update on his recent analysis, where he predicted that XRP would experience a <a href="https://bitcoinist.com/bill-morgan-warns-of-drastic-xrp-decline-to-bitcoin/#:~:text=XRP%20Versus%20Bitcoin%20Plummeted%20On,24%20hours%20to%20three%20years." rel="nofollow">significant price decline</a>. Having called that correctly, Egrag has now predicted what the next move will be for the crypto token.&nbsp;</p> 
<h2 id="xrp-price-could-rise-to-as-high-as-22">XRP Price Could Rise To As High As $22</h2> 
<p>Egrag mentioned in an X (formerly Twitter) <a href="https://x.com/egragcrypto/status/1779406375497457951" rel="nofollow">post</a> that XRP’s next move “could be between 1000% and 3000%.” He acknowledged that the <a href="https://bitcoinist.com/bitcoin-open-interest-cooled-off-good-sign-bulls/" rel="nofollow">current market conditions</a> might make it hard for anyone to envisage XRP seeing such a move. However, he added that the chart indicates that XRP would rise to between $10 and $22 if <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-61000-surge-analyst/">historical moves</a> from 2017 or 2021 repeat themselves.&nbsp;</p> 
<p style="text-align: center"><img loading="lazy" decoding="async" class="alignnone size-medium wp-image-603547 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/04/XRP-price.png?w=460&amp;resize=460%2C201" alt="XRP price" width="460" height="201" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/XRP-price.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/04/XRP-price.png?w=460&amp;resize=460%2C201 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"></p> 
<p><a href="https://www.newsbtc.com/analysis/xrp/xrp-price-rise-390000-to-2500/#:~:text=Holders%20Need%20To%20Be%20More,gain%20for%20investors%20by%202029.">Egrag</a> also noted that XRP had hit the lower target he had predicted for the crypto token, suggesting it was well primed for such a parabolic rise due to this price correction. In his earlier <a href="https://x.com/egragcrypto/status/1774602695430611089" rel="nofollow">analysis</a>, the analyst had predicted that XRP could drop to as low as $0.44, which it eventually did on April 13. Since then, the token has recovered and is looking to break the $0.50 resistance level in preparation for its parabolic rise.&nbsp;</p> 
<p>Meanwhile, crypto analyst Lunc Maxi’s recent analysis also echoes sentiments similar to those shared by Egrag Crypto. The crypto analyst <a href="https://x.com/Lunc_Maxi/status/1779830120024272956" rel="nofollow">shared</a> XRP’s daily chart and noted that it looks exactly like 2017 and “even had the same drop.” If XRP’s current price action follows 2017, then there is a greater likelihood of <a href="https://www.newsbtc.com/analysis/xrp/crypto-4400-xrp-price-27/#:~:text=Crypto%20Analyst%20Predicts%204400%25%20XRP%20Price%20Surge%20To%20%2427%2C%20Here's%20When,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Egrag%20Crypto%20continues,this%20is%20a%20real%20possibility.">XRP hitting $22</a> than just stopping at $10 since Egrag’s chart showed that a similar move to 2017 will take the crypto token to that price level.</p> 
<h2 id="xrp-s-short-term-price-target">XRP’s Short-Term Price Target</h2> 
<p>In a subsequent <a href="https://x.com/egragcrypto/status/1779789242471764161" rel="nofollow">X post</a>, Egrag suggested that XRP might be headed to $1.4 in the short term. While he admitted that there could be further price declines before this move occurs, he added that <a href="https://bitcoinist.com/xrp-whales-220-million-price/" rel="nofollow">XRP bulls</a> have shown that they are willing to match the <a href="https://www.newsbtc.com/analysis/xrp/xrp-1800-surge-in-liquidations/#:~:text=Cardano-,XRP%20Sees%20An%20Alarming%201%2C800,In%20Liquidations%2C%20Whats%20Going%20On%3F&amp;text=XRP%20has%20witnessed%20an%20alarming,has%20on%20a%20crypto's%20price.">selling pressure</a> from the bears. Therefore, it shouldn’t be long before the bulls take control and cause XRP’s price to surge.&nbsp;</p> 
<p>He further urged XRP holders not to be deterred, stating that these price dips are “just opportunities for your bids to be filled, and these bids could be <a href="https://www.newsbtc.com/analysis/xrp/xrp-is-primed-for-growth/">life-changing opportunities</a>.” XRP’s rise to such price levels would indeed be life-changing for XRP investors. However, considering its <a href="https://bitcoinist.com/xrp-price-action-legal-expert/" rel="nofollow">unimpressive price action</a> so far, it remains to be seen if the crypto token will attain such heights.&nbsp;</p> 
<p>At the time of writing, XRP is trading at around $0.49, down almost 4% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/xrp/" rel="nofollow">data</a> from CoinMarketCap.</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/5Qm4ALoJ/" alt="XRP price chart from Tradingview.com (Crypto analyst)" width="3286" height="1530"></p>

XRP Price Set For 3,000% Rally To $22, Analyst Predicts

Table of Contents

NewsBTC

Other articles published on Apr 16, 2024

Lost Treasure Found? Bitcoin Miner Transfers Over $3 Million BTC After 14-Year Dormancy

Can Hong Kong’s spot Bitcoin ETFs boost BTC price?

Hong Kong Bitcoin ETFs Expected To Lag Behind US Market With Meager $500M Inflows, Expert

Stormrake and Blocksquare Partner to Introduce Real Estate Crypto Token in Australia and New Zealand

Clone Protocol X AMA Session With BeInCrypto

AI Crypto Projects Merge to Form New Alliance

Join our free newsletter for daily crypto updates!