The mood around XRP is becoming increasingly positive. A new analysis by crypto expert Egrag Crypto causes a stir in the community. His forecast: XRP could rise to $ 13 in the current market cycle and even break through the $ 110 mark in the next bull market.
Technical analysis indicates cup patterns
The forecast of Egrag Crypto is based on a clearly recognizable cup pattern in the chart. His previous predictions have proven to be precise, which gives the current analysis additional weight. The path to $ 110 would mean a return of more than 4,400 % for XRP investors-a forecast that is intensively discussed in the crypto community.
Trading-range shows critical price zones: XRP is currently in a crucial phase. The price movements are limited by strong support at $ 1.88 and $ 2.33. According to the market observer, a sustainable increase over the $ 2.60 mark could give the starting signal for the next big upward movement.
Other experts also see considerable potential: Mikybull Crypto expects a movement to $ 4 within a month. Dark Defender even predicts price targets of $ 5.85 and in the episode $ 8.76 for the upcoming market phases.
The Unfortunately, forecast of $ 110 is unrealisticif you consider that XRP would have to get an incredible market capitalization of over $ 6.3 trillion. For comparison: This corresponds to the double market capitalization of Microsoft. In addition, in order to become a millionaire, you would have to keep $ 22,727 in XRP at the current course.
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