The price of Ripple's native cryptocurrency, XRP, could it explode 250% by July? This is what a very optimistic recent analysis suggested that compared the token's current movement with its movement in 2021.
In an analysis shared on April 25, cryptocurrency expert Egrag Crypto highlighted that XRP is making a move similar to its 2021 trajectory, where the token was boosted to a price target of $1,80.
According to the analyst, XRP's “current trajectory suggests a possible reach of $1,4 by June-July, a key target”, highlighting that the price zone between $1,2 and $1,8 is a “plausible target”, suggesting a substantial increase of 133% or 250% from the current XRP price.
Still on the occasion, the expert emphasized that targeting the US$4 price range is “feasible” if the cryptocurrency manages to follow a similar path to that of 2021.
“XRP Mimicking 2021 – Movement: Current trajectory suggests a possible reach of $1,4 by June-July, an important target. The price range between ($1,2 – $1,8) is a plausible target. Targeting $4 is viable if we follow a similar path for 2021. Additionally, the Blue Trendline aligns with a yellowish fractal, supporting the likelihood of this scenario. While long-term goals remain achievable, this post focuses on emulating the change of 2021,” he wrote.
#XRP Imitating 2021 – Move:
🔵 Blue Section: The current trajectory suggests a possible reach of $1.4 by June-July, a key target. The price range between ($1.2 – $1.8) is a plausible target.
🟡 Yellow Section: Aiming for $4 is feasible if we follow a similar path to 2021.… pic.twitter.com/BMUJSbb5GQ
— EGRAG CRYPTO (@egragcrypto) April 25, 2024
At the time of publication, the XRP price it was quoted at US$0,5214, down 2.8% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$1.484.015.658. In the last seven days, XRP has seen an appreciation in its price of 4.4%.
