Will XRP Price Rise Or Drop In The Next 90 Days?
Highlights
- Crypto analyst Egrag Crypto suggested that the XRP price will rally in the next 90 days.
- This came following his projection that XRP could reach $6 by March 2025.
- XRP could top between $13 and $27 in this market cycle.
Crypto analyst Egrag Crypto has provided insights into whether the XRP price will rise or drop in the next 90 days. This came as the analyst revealed his target projections for XRP by March 2025, which coincidentally falls within this timeframe.
XRP Price Could Rise In The Next 90 Days
The XRP price could rise in the next 90 days based on Egrag Crypto’s recent prediction. The analyst predicts that XRP could rally to $6.4 by March 2025. He made this bullish Ripple price prediction based on a Linear Regression Channel, which he highlighted on the chart.
This Linear Regression creates a channel around the trendline that captures approximately 68% of price movements. In line with this, the analyst stated that XRP is projected to reach the top end of the Regression Channel at approximately $6.4 by March 2025 or earlier.
Egrag Crypto noted that this price surge aligns with Fib 1.618 for strong confluence. Furthermore, the analyst predicts a potential overshoot. He remarked that a breakout above the Regression Channel could push XRP to around $8.5.
This rally to $8.5 corresponds with Fib 1.272, signaling extended bullish momentum. Egrag Crypto also discussed the intermediate target, noting that $4.4 is an important milestone tied to the Fib 1.414.
Meanwhile, the crypto analyst opined that any target between Fib 1.414 and 1.618 would represent the blow-off top of this cycle. This means the XRP price could top between $13 and $27 in this bull run.
Egrag Crypto recently explained that XRP could reach the $27 price target. The crypto experienced a greater price explosion in the 2017 bull run, so the crypto analyst is confident that XRP can record a fraction of the 2017 gains.
The Rally Could Extend To May
The XRP price rally could extend to May based on another Ripple price prediction by Egrag Crypto. In an X post, the crypto analyst raised the possibility of XRP reaching $15 by May 2025. The analyst explained that the Fibonacci 1.618 suggests that May 5th could be a pivotal date for XRP.
While whether XRP reaches this target remains unknown, the crypto analyst remarked that the trend-based Fib time is pointing in this direction. This rally to $15 could happen on the Wave 5 impulsive move, which Egrag Crypto stated typically ranges between 1.236% and 1.618% of Wave 4. It can also equal Wave 1 or 61.8% of Waves 1 and 3.
If so, the Ripple price could surge by over 300%, sending it to around $15. While the outlook for XRP is bullish, a recent CoinGape XRP price analysis highlighted five reasons the crypto is still at risk of crashing to $1.
These reasons include Bitcoin’s weakness and bearish indicators. XRP’s network activity and daily active addresses have plummeted, while Whales are also offloading their coins, which could put significant selling pressure on XRP.
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