Crypto analyst Egrag Crypto shared his analysis of the price route after XRP rose above $1. XRP’s rally has seen the crypto hit a two-year high; On the other hand, XRP remained stagnant for a long time while the overall crypto market made significant gains.
Will XRP Become 4 Dollars?
Egrag Crypto wrote that after the XRP Coin price broke out above $1, the altcoin has the potential to rise to $4.96. It was stated that the market value of XRP could reach 1.83 trillion dollars by analyzing it through Fibonacci levels. The market cap surpassed Fib 0.07 ($51.35B) and surpassed Fib 0.786 ($60.06B). However, the trillion-dollar market cap target seems quite ambitious.
Egrag Crypto stated that XRP broke the multi-year rising trend line dating back to 2017. If the monthly candle close breaks above Fib 0.786, the market cap will reach $283.42 billion and the XRP price may hit $4.96.
Other Analysts’ Predictions
Crypto analyst Javon Mark predicted that another 190% rally could occur as XRP is about to reach its current all-time high (ATH). He also stated that this crypto will rise above the ATH level of $3.3.
XRP’s monthly Bollinger bands are widening, giving off a 2017 vibe.
Analyst Charting Guy predicted that the XRP price could repeat the upward trend of 2017. In 2017, XRP reached its all-time high with an increase of over 61,000%.
Statements of Ripple CEO
Ripple 
$1 CEO Brad Garlinghouse stated that crypto-friendly policies under the Trump administration are one of the reasons for XRP’s recent rally. XRP has gained over 100% in the past seven days amid rumors that the Chairman of the US SEC may resign soon.
This positive outlook for XRP is supported by large investors actively purchasing XRP. Whales have purchased more than 320 million XRP in the last 72 hours, increasing the likelihood that the price will rise sustainably.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
