The XRP Price Target 2024 predicts a rise to $27 based on prior market cycles and the cryptocurrency’s developing digital asset status. The expert also explained how XRP might set such an aggressive price target.XRP may hit $27 by year’s end, according to Egrag Crypto. The cryptocurrency expert cited its past performance to prove that XRP can reach this aim. The analyst recommended watching $2 and $2.65 in the near term.
Forecast for the XRP Price Surge
An X article by Egrag Crypto predicted that XRP may reach $27 during this market. The expert showed with calculations that the Bitcoin may reach this price. First, the Crypto expert analyzed XRP’s two-week crossing of the 21 EMA. The cycle peaked in 2017 following a 50,000% growth. Using the same logic, XRP crossing the 21 EMA to $27 would increase the price by 4,770%. A 9.54% price increase would be less than 2017’s 50,000% spike.
Egrag Crypto believes XRP can reach this price goal because it moved more in 2017. The thCryptoto expert has previously predicted such high XRP values based on prior trends. A recent Btcnewz market research suggested that XRP might reach $10 if it rises to $10.Fundamentals support this positive forecast, along with the RLUSD stablecoin and other Ripple collaborations. Price increases like this are possible. Paul Atkins, who will lead the SEC, dropped the Ripple case. Undoubtedly, the Ripple has lowered the price of currency.
Temporary XRP Price 2024
Egrag Crypto discussed the short-term predictions for the price of XRP in another X post. Unless XRP does one of these things, the expert argued, everything else is just noise. According to him, $2 is a crucial level. According to the expert, if the coin’s value dropped below that threshold, it would decline. Fireworks will “ignite” above $2.65, according to the expert. However, the rising prices would be proven by a breakout above this level.
Summary
According to cryptocurrency analyst Egrag Crypto, the XRP Price Target 2024 could rise to $27 this market cycle. He predicts the XRP Price Target for 2024 using past price fluctuations and key trading levels. Egrag recommends watching $2 and $2.65 for the XRP Price Target 2024.
XRP may go below $2, but a break over $2.65 would cause a major rise. Crypto enthusiasts refer to XRP’s 2017 growth as proof that it might increase further. Btcnewz’s new market study predicts XRP might reach $10. As SEC chairman, Paul Atkins may affect XRP prices. This may happen if Ripple’s case is dropped. The RLUSD stablecoin and Ripple’s collaboration support this.
