XRP Price Prediction: Egrag Crypto Forecasts a Massive Breakout to $4500% Above Current Levels

Egrag Crypto has made an intriguing projection, suggesting that XRP could soon break out again in a manner similar to its price surges in previous years.

Crypto analyst Egrag Crypto has made a bold long-term XRP price prediction.

What Is XRP Price Now?

In recent times, Ripple (XRP) has been consolidating, with limited excitement in the market. However, a well-known crypto analyst has made an intriguing projection.

Well-known crypto analyst Egrag Crypto has made an interesting XRP price prediction. He suggests that the altcoin could soon break out again in a manner similar to its price surges in previous years, particularly in 2017 and 2021.

Is XRP Ready for a Massive Breakout Like 2021?

Based on current price movements and historical data, Egrag anticipates that XRP may see another massive breakout, comparable to those witnessed in 2017 and 2021.

I’m not improvising here; I’m relying on historical data to present future predictions. We can clearly see that the price went up in 770-777 days.

Egrag Crypto

His analysis indicates that XRP could experience price increases following the same cyclical trends.

Key Indicators: The 21 EMA and 33 SMA

One of the key technical indicators that Egrag highlights is the 21-week Exponential Moving Average (EMA) and the 33-week Simple Moving Average (SMA).

These indicators have played a crucial role in predicting bullish movements in the past.

As the chart shows, when the price crosses above these averages, it typically signals the beginning of an uptrend.

Earg explains that the bullish cross often occurs within a 770 to 777-day period, which has historically led to a significant rally for XRP.

According to Egrag, “I’m not improvising here; I’m relying on historical data to present future predictions.”

While he acknowledges that markets are unpredictable, he firmly believes that these patterns are likely to recur.

Can XRP Reach $45? Egrag Crypto Thinks So

If the market follows the same pattern as in 2017 and 2021, Earg believes XRP could surge to as high as $45—a 2,700% increase from its current price.

He also offers a more conservative target of $20, which would represent 1,000% growth.

While he recognizes that external factors can affect market behavior, Earg remains optimistic about XRP’s potential to achieve these targets.

The Role of Moving Averages in XRP Price Action

Earg emphasizes the importance of the 21 EMA in predicting major price movements for XRP. He notes that during the 2017 and 2021 price surges, the 21 EMA served as critical support, helping to propel XRP’s price upward.

Earg also uses the 33 SMA as another tool to identify the overall market trend, noting that market makers often use these moving averages to identify support and resistance levels.

Earg’s approach is to combine both a fast-moving exponential average and a simple moving average to better understand price action and predict future market behavior.

Realistic XRP Price Target: Could $27 Be Achievable?

In addition to the $45 and $20 targets, Earg mentions a more moderate target of $27 for XRP. However, he warns that the market is driven by human emotions, which can’t always be predicted.

“You cannot control it, stop it, or slow it, or even slightly alter it…you have to just react,” says Earg.

Despite these challenges, the recent XRP news and market sentiment support a bullish outlook for the coin, giving further hope to investors.