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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.
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 
$111,046’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.
