Emma Nelson 
Crypto analyst Egrag Crypto has recently shared his predictions on when the price of XRP will reach double and triple digits, offering a bullish perspective on the cryptocurrency, especially in the wake of its recent market fluctuations. Following a brief dip below the psychological $2 price level amid the recent market downturn, these predictions bring renewed optimism to XRP holders and investors, suggesting significant price movements in the near future.
XRP Price
When Will XRP Reach Double and Triple Digits?
In a post on X, Egrag Crypto expressed confidence that XRP will hit double digits during this market cycle, and possibly even triple digits in the next cycle. He accompanied his prediction with a chart showing that XRP could reach as high as $110 in the upcoming cycle. This forecast comes as part of his long-term outlook for XRP, which includes significant gains over time. Interestingly, another crypto analyst, Dark Defender, has also recently shared his optimistic prediction for XRP, suggesting that it could reach triple digits, but with a much more bullish estimate of $333.
As XRP’s current price battles market fluctuations, Egrag Crypto believes that the crypto’s recovery could be just around the corner. In a separate post, he analyzed XRP’s weekly Relative Strength Index (RSI) and concluded that if XRP crosses the 71.50 mark, a “kaboom” would occur, signaling the start of a parabolic rally. Egrag pointed out that the RSI is already beginning to rise from the 60 level, indicating that XRP is gathering momentum. As the RSI builds strength, it could easily surpass the 80 mark, but first, he noted, XRP must close above the 71.50 threshold to trigger a significant upward move.
Other Predictions for XRP’s Future Price
Other analysts have also weighed in with bullish predictions for XRP. Crypto analyst Rose Premium has suggested that XRP could soon rally to as high as $3.35. According to Rose Premium, if XRP bounces from its current support level of $2.12, it could reach key price targets of $2.32, $2.61, and $2.90 before ultimately reaching $3.35.
Additionally, Dark Defender has highlighted that a mid-term rally to $5 is also within the realm of possibility for XRP. His recent analysis shows that XRP is poised for significant upward movement in the near future. He noted that XRP’s price has already completed its correction on the four-hour time frame, and based on the current structure of the daily chart, XRP is expected to move towards $2.42 first. However, Dark Defender believes that the true momentum for XRP will begin once the cryptocurrency manages to rise above the Ichimoku clouds, a technical indicator of bullish momentum.
Dark Defender also identified $2.22 and $2.04 as key support levels for XRP to watch out for in the short term. He further added that the targets for XRP in the immediate future include $4.29 and $5.85, suggesting the potential for substantial gains over the next few months.
Fundamental Drivers of XRP Price Surge
Alongside these technical predictions, several fundamental factors are expected to drive the price of XRP higher. Notably, the potential approval of XRP ETFs and a possible Ripple-SEC settlement could provide significant catalysts for XRP’s growth. Yesterday, Franklin Templeton, a prominent asset manager, filed an S-1 with the U.S. SEC for its XRP ETF, signaling institutional interest in the digital asset. This move could bring further legitimacy and capital inflows into the XRP market.
Additionally, journalist Eleanor Terrett recently reported that the SEC might soon conclude its legal case against Ripple. If the case is dismissed or settled favorably for Ripple, it could lead to a surge in XRP’s value, as the removal of regulatory uncertainty would likely boost investor confidence in the cryptocurrency.
Overall, while XRP is currently navigating market fluctuations, analysts remain bullish on its future price movements. Whether driven by technical indicators, fundamental factors, or the potential for a resolution in Ripple’s legal battles, XRP holders have reasons to be optimistic about the coin’s future performance, with analysts predicting potential rallies to double and even triple digits in the coming cycles.
