Another bullish prediction has come in for the XRP price which is arguably more optimistic than many would expect. This time around, a crypto analyst is expecting XRP to use up its stored energy for an explosive rally that could see the altcoin rally to $27, well above its all-time high.
XRP Price Suppressed During Last Bull Run Because Of SEC Lawsuit
Crypto analyst ERGAG CRYPTO recently predicted that XRP is poised for a massive 4,000% price surge. ERGAG made this prediction in an X post, detailing how this price surge can be actually possible. According to the analyst, XRP’s price was suppressed during the last major crypto bull run in 2021 due to an ongoing lawsuit from the SEC against Ripple Labs, XRP’s creator.
While Bitcoin and other altcoins were hitting new all-time highs, the XRP price struggled to keep up due to fears the lawsuit could severely impact the project’s future. For instance, during this time period, Bitcoin skyrocketed by 23X, and Ethereum also went up a whopping 58X.
A federal judge in the United States has since determined that the programmatic sales of XRP do not constitute the selling of securities. Now that the lawsuit seems to be coming to an end with a settlement in sight, XRP is poised to make up for lost time and shoot up with this lost energy.
The analyst predicts the XRP price could rally 40 times from its current level to $27 in the subsequent bull run, which would exactly coincide with the Fibonacci 1.618 indicator from the 2017 peak to the 2020 bottom.
Source: X
Although a timeline for the next bull run is not known at the moment, ERGAG puts this spike to happen around mid-2024.
One day for sure. But suggestion March – May 2024 will be fire works.
— EGRAG CRYPTO (@egragcrypto) October 26, 2023
What’s Next For XRP?
The entire crypto market has witnessed gains since the middle of October, and the XRP price hasn’t been left out. Bitcoin, for instance, attained a new yearly high of $35,150. At the time of writing, XRP is trading at $0.547, up by 5.73% in the past seven days.
Although its price is relatively low compared to other altcoins, XRP is still one of the strongest in the entire market, occupying the 5th spot in terms of market cap.
ERGAG CRYPTO has also had some very optimistic price predictions for XRP in the past. While a $27 price point seems very overachieving, XRP could easily smash through its previous all-time high of $3.84 in the next bull market. The analyst had initially predicted that the altcoin might not see a new all-time high by July 2028.
XRP sees slight retracement | Source: XRPUSD on Tradingview.com
Featured image from iStock, chart from Tradingview.com
clomid for sale australia where can i get cheap clomid no prescription where buy generic clomid tablets cheap clomiphene without insurance buying generic clomiphene without prescription where can i buy generic clomid without dr prescription cost of generic clomiphene prices
More peace pieces like this would urge the web better.
This is the big-hearted of writing I rightly appreciate.
purchase azithromycin pills – purchase zithromax generic flagyl pills
order rybelsus 14mg generic – oral rybelsus 14 mg periactin generic
motilium for sale – order sumycin 500mg pills cyclobenzaprine price
cheap amoxil tablets – order diovan 160mg sale order combivent 100 mcg online
buy azithromycin 250mg for sale – azithromycin 250mg oral bystolic 20mg generic
buy nexium pills for sale – anexamate buy esomeprazole 20mg for sale
order warfarin 5mg generic – cou mamide order losartan 50mg pills
meloxicam 15mg for sale – mobo sin order mobic 7.5mg for sale
deltasone 5mg drug – https://apreplson.com/ deltasone 40mg cost
where to buy ed pills – fast ed to take how to get ed pills without a prescription
amoxicillin oral – cheap amoxil generic buy amoxil generic
diflucan 200mg pills – https://gpdifluca.com/# diflucan 100mg brand
buy generic cenforce – fast cenforce rs order cenforce 100mg sale
snorting cialis – combitic global caplet pvt ltd tadalafil no prescription female cialis
purchase zantac generic – on this site zantac 150mg cost
when should you take cialis – https://strongtadafl.com/# where can i buy cialis online
This is the gentle of writing I in fact appreciate. https://gnolvade.com/
viagra 100mg street price – strongvpls viagra 50mg buy
This website positively has all of the low-down and facts I needed adjacent to this participant and didn’t know who to ask. https://ursxdol.com/doxycycline-antibiotic/
More posts like this would create the online time more useful. https://buyfastonl.com/isotretinoin.html
The reconditeness in this piece is exceptional. https://prohnrg.com/product/orlistat-pills-di/
This is the type of delivery I find helpful. https://aranitidine.com/fr/lasix_en_ligne_achat/
This is the compassionate of literature I in fact appreciate. https://ondactone.com/product/domperidone/
I couldn’t resist commenting. Profoundly written!
buy levofloxacin
With thanks. Loads of knowledge! http://mi.minfish.com/home.php?mod=space&uid=1412626