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COINTURK NEWS > Ripple (XRP) > Egrag Crypto Predicts XRP’s Potential Price Increase in 90 Days
Ripple (XRP)

Egrag Crypto Predicts XRP’s Potential Price Increase in 90 Days

In Brief

  • Egrag Crypto predicts XRP may rise significantly in the near future.

  • Price movements carry both opportunities and risks for traders.

  • Market dynamics are vital for accurate future price predictions.

Ömer Ergin
Ömer Ergin 5 months ago
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Crypto analyst Egrag Crypto predicts that XRP may gain value in the next 90 days. The analyst anticipates that by March 2025, XRP could rise to as much as $6.40.

Contents
Expectations for XRP’s Price MovementsFibonacci Analysis and Market Risks

Expectations for XRP’s Price Movements

Egrag Crypto has developed a graphical model to analyze the expected price increase of XRP. According to an evaluation based on the Linear Regression Channel, about 68% of XRP’s price movements are forecasted to occur within this channel. The analyst emphasizes that reaching this level would align with the Fibonacci 1.618 ratio.

The analyst also suggested that the price increase of XRP could continue until May 2025. During this period, the Fibonacci 1.618 level may serve as a significant indicator. Furthermore, a potential rise to $15 would correspond with the Wave 5 impulsive movement, indicating a price increase of over 300% for XRP.

Fibonacci Analysis and Market Risks

However, some analyses indicate that XRP could drop to $1. CoinGape notes that Bitcoin $103,837’s weak performance, low network activity, and selling pressure from large investors could negatively impact XRP. Additionally, the analyst stated that if any target occurs between Fibonacci levels 1.414 and 1.618, XRP’s price could peak between $13 and $27.

In conclusion, XRP’s price movements present significant opportunities and risks for traders. Monitoring market dynamics can assist in more accurately predicting future price movements.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 29 December, 2024 - 3:14 pm 29 December, 2024 - 3:14 pm
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