XRP could see a huge rally of 300% to 30,000% in the near future, according to Egrag, a prominent crypto analyst.
Egrag used a key indicator that has reliably predicted XRP's massive rallies in the past.
The indicator considers previous price movements from XRP that led to surges of 47,000% and 700%.
The phenomenon occurs when the 100 moving average breaks above the 200 moving average and subsequently crosses above the 300 MA in the 2-day timeframe.
XRP has only witnessed two such massive surges before, and the cross immediately preceded both surges.
The cross is about to happen again, and the asset's price could skyrocket by 300%, 3,000%, or 30,000% without stating a fixed rate.
XRP is currently trading for $0.4792, up 6.16% in the past week, and recently recovered from a low of $0.44.