Crypto analyst Egrag Crypto shared insights on XRP’s price trajectory following its rise above one dollar. This rally enabled XRP to reach its highest level in two years, while the overall cryptocurrency market experienced significant gains, with XRP remaining stagnant for an extended period.
Can XRP Reach 4 Dollars?
Egrag Crypto noted that following XRP Coin’s breakout above one dollar, the altcoin holds the potential to rise to 4.96 dollars. An analysis of XRP’s market capitalization suggests it could reach 1.83 trillion dollars based on Fibonacci levels. The market cap has surpassed the Fib 0.07 ($51.35 billion) level, moving past Fib 0.786 ($60.06 billion). However, this trillion-dollar market value target appears quite ambitious.
Egrag Crypto expressed that XRP has broken its long-term ascending trend line that extends back to 2017. If the monthly candle closes above Fib 0.786, the market cap could reach 283.42 billion dollars, potentially allowing XRP’s price to touch 4.96 dollars.
Other Analysts’ Predictions
Crypto analyst Javon Mark predicted a possible 190% rally for XRP as it approaches its all-time high (ATH). He also indicated that this cryptocurrency could surpass its ATH level of 3.3 dollars.
XRP’s monthly Bollinger Bands expanding gives it a 2017-like feeling.
Analyst Charting Guy forecasted that XRP’s price might replicate its upward trend from 2017, where it experienced an over 61,000% increase to reach its all-time high.
Comments from Ripple’s CEO
Ripple 
$1 CEO Brad Garlinghouse stated that crypto-friendly policies during the Trump administration contributed to XRP’s recent rally. In the past week, XRP gained over 100% amidst rumors that the SEC chair in the U.S. might resign.
The positive outlook for XRP is further supported by significant purchasing activity from large investors. Whales have bought over 320 million XRP in the last 72 hours, increasing the likelihood of sustainable price growth.
