XRP Price Prediction: Can XRP Hit $25? Analyst’s $1.5T Market Cap Forecast

Crypto analyst Egrag Crypto boldly predicts XRP could reach a $1.5 trillion market cap, implying a price surge to $25.56. This prediction is based on technical analysis, specifically examining logarithmic and non-logarithmic measured moves from previous market cycles. The analysis uses Fibonacci retracement levels (Fib 1.0 to Fib 1.618) to project potential growth. Two main growth scenarios are presented: a non-logarithmic move suggesting a more conservative $270 billion market cap ($4.60 per XRP), and a logarithmic move pointing towards the ambitious $1.5 trillion target. Intermediate targets include $450 billion ($7.66 per XRP) and $978 billion ($16.65 per XRP). Egrag Crypto's analysis further supports this projection by examining XRP's yearly chart, identifying a potential breakout candle (candle 13) that could drive the price to between $13 and $22, potentially higher. This prediction is partially based on the 800% gain observed in the 2021 yearly candle (Candle 9). The analyst also previously predicted a $27 price target within 60 days, aligning with the $1.5 trillion market cap projection. It's crucial to note that these are speculative predictions based on technical analysis and carry significant risk. The current XRP price is approximately $2.28, presenting a considerable potential upside, but also a substantial risk of loss if the predictions fail to materialize. Readers should conduct their own thorough research before making any investment decisions based on these forecasts. The analysis highlights the significant volatility inherent in cryptocurrency markets.

(Source: https://www.newsbtc.com/analysis/xrp/xrp-market-cap-to-1-5-trillion/)