According to popular crypto market analyst Egrag Crypto, the price will rise within four weeks XRP could grow by 1500% and reach double digits.
To back up his prediction, he used the Bull Market Support Band (BMSB), which is used to determine whether the market is in a bull or bear cycle. According to Egrag Crypto, the situation now resembles 2017, when the price XRP almost reached BMSB, resulting in an incredible 1500% growth in just 4 weeks.
If this forecast comes true, then XRP will reach 1,618 Fibonacci at $27! — the cryptoanalyst wrote.
Another cryptocurrency expert, James Marks, agrees that the situation is very similar to 2017. However, he believes that Altcoyin could grow by 3900%.
Current second target XRP “$99, which is more than 3900% higher than the current level, and judging by past results, the next wave could be very strong and ultimately lead to not only achieving this goal, but also overcoming it,” Marks said.
Growth XRP supported by several applications for XRP-ETF from leading asset managers including 21Shares, Bitwise, Canary Capital and WisdomTree, which are now awaiting approval from the U.S. Securities and Exchange Commission.