A bullish XRP price prediction, more optimistic than many expected, has been issued by the ERGAG CRYPTO, a crypto analyst. According to the analyst, XRP may rally 4,000% up to an amazing $27 – well above its all-time high. ERGAG came up with these mathematics based on the Fibonacci 1.618 indicator from the 2017 peak to the 2020 bottom. A major drag to the XRP price was Crypto’s big bull run in 2021 during the US court settlement over SEC’s contention of the initial sales of the crypto. The impending closing of the case has left many to speculate XRP is set to finally be unleashed, in order to fully benefit of being the 5th biggest cryptocurrency.
Adding all the recent professional and market estimations, many people believe XRP’s almost year long dry spell is bound to be in pay soon. Indeed since the mid-October wave of crypto motivation, Bitcoin had tackled its previous highest price with now currently costing >$35,150, and the XRP as coyly followed triumphing a more modest 5.73% on the past seven days. While a hefty forecast, XRP indeed has the caliber to outshine its initial high of $3.84 in no time. According to ERGAG, no timeline is yet in place, so anything may occur as soon as mid-2024.
