XRP Price Prediction: Egrag Crypto Predicts XRP Can Reach $46

Crypto analyst Egrag Crypto has predicted that the XRP price can reach $46 based on a historical pattern

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The crypto analyst known as Egrag Crypto has predicted that the XRP price can reach $46 if it repeats a pattern like the first cycle, which saw incredible drops and surges for the altcoin. In an X post, the analyst showed that XRP dropped below the 21 Exponential Moving Average (EMA) and then dropped an incredible 5,550%. The altcoin then retraced back to the 21 EMA and then dropped another 2,500%.

Analyst Shows 3-Cycle Ride For XRP Price To Reach $46

However, if XRP follows cycle 2, then the crypto predictions indicate that the altcoin can still reach double digits at $12. In the second cycle, XRP dropped below the 21 EMA, leading to a 150% breakdown. The altcoin then retraced to the 21 EMA, before it fell again by 500%. Erag noted that averaging these projections of a 2,500% and 500% surge gives almost 1,500%, which roughly suggests a target of $30. However, his estimate is $27.

Commenting on this current cycle, which is the third cycle, the analyst revealed that the XRP price has dropped below the 21 EMA, with a potential rise of 430%. He further noted that the altcoin is retracing back to touch the 21 EMA. If XRP stays above $2, then the EMA will descend to meet the price. It is coming and very soon.

If is comparing a pattern from October 2017, crypto analyst predicts that the XRP price might be setting up for a major breakout soon if it repeats the last section or pattern from October 2017. Taking to X, Egrag Crypto stated that if the altcoin is repeating the pattern from 2017, then it might be on the verge of a 1,700% explosion that could send XRP as high as $27.

It took XRP about 63 days to explode and set a new all-time high (ATH), surging by 1,772%. If history repeats itself, then XRP could be approaching $27 within the next 63 days.

"If we're repeating the last section from 2017, then we might be seeing a 1,700% XRP explosion to $27 soon. Took 63 days for XRP to explode 1,772% and set the ATH back then. From the lows of 2017 to the highs, XRP had a 2,400% surge. It's still possible for XRP to reach triple-digit prices if it follows the historical patterns from the complete cycles."

The crypto analyst stated that if the altcoin breaks the $3 mark, the high from the February 24 candle this year, then it will be the ultimate target in preparation for the rally to double digits.

"But if we break the $3 mark, (high of the 24th Feb candle), then the ultimate target is in preparation for the rally to triple digits."

At the time of writing, the XRP price is trading at around $2.33, up in the last 24 hours, according to data from CoinMarketCap.