thecryptobasic.com
$XRP could witness a historic surge, as market analyst EGRAG forecasts a potential price explosion of 9,468% on the back of a “green mega pump.”
Leveraging a recent analysis on X, the market analyst based his prediction on $XRP’s historical price movements, which have demonstrated massive pumps in previous market cycles.
EGRAG explained that $XRP’s cycle bottom is currently set at $0.28, and from this level, the token could rise to various price targets, each based on its past performance and the current market condition.
Possible $XRP Price Scenarios
In his analysis, EGRAG introduced five potential scenarios for $XRP’s price trajectory. He breaks down each scenario using color codes, starting with a more conservative outlook where $XRP could rise by 932%, bringing the price to $3. This price is slightly lower than the all-time high of $3.31.
The next target from EGRAG, demonstrated with a yellow marking, looks out for a 1,563% price pump, which would push $XRP to $4.85. This represents the first price target that would see $XRP surpass its current all-time high value.
As the possibilities grow, EGRAG presents a more aggressive scenario where $XRP could climb by 2,035%. This scene, which the analyst marks with a red designation, would elevate the $XRP price to $6.22.
Pushing further, he forecasts a potential pump of 2,536%, which could take $XRP to $7.68. Interestingly, in July, the market analyst asserted that $XRP has the potential to clinch the $7 region if it can breach a trendline he dubs the “genuine wake-up line.”
However, the most optimistic scenario in EGRAG’s latest analysis, represented by the green color, predicts a 9,468% surge. In this scenario, $XRP could reach an extraordinary price of $27.
EGRAG suggests that his projections use only half of the wick measurement from previous market cycles to avoid the influence of bias from candle formations. This approach makes for a more realistic outlook.
$XRP Sees Renewed Interest
The market analyst further recalled a previous move in which he sold part of his $XRP holdings when the price reached $1.85, expecting a new high. However, when $XRP failed to surpass $1.96, he bought back in at $1.
This experience taught him a lesson about timing and market volatility. This time around, he plans to take a more measured approach, selling small portions of his $XRP at each key target rather than holding out for one final peak.
Meanwhile, $XRP appears to be seeing a renewal of interest. A report from The Crypto Basic yesterday highlighted a transaction volume of 50 billion $XRP tokens, worth $29 billion, over the past month.
In addition, data from CryptoQuant shows a notable resurgence in active $XRP accounts. After dropping below 10,000 on Sept. 17, active accounts quickly rebounded to 10,694 the following day.
$XRP currently trades for $0.5835, up 1.25% in the last 24 hours, as it fails to capitalize on the latest market uptick.