Cryptocurrency analyst Egrag Crypto predicted that XRP could gain value in the next 90 days. The analyst predicts that XRP could rise to $6.4 by March 2025.
Expectations for XRP’s Price Movements
Egrag Crypto created a graphical pattern for the increase in the price of XRP. According to the evaluation made through the Linear Regression Channel, approximately 68% of XRP’s price movements are expected to occur within this channel. According to the analyst, XRP could reach the upper end of the Regression Channel, i.e. around $6.4, by March 2025. Egrag Crypto also emphasized that reaching this level would be compatible with Fibonacci 1.618.
The analyst also suggested that the rise in the price of XRP could continue until May 2025. He pointed out that during this period, the Fibonacci level of 1.618 could be an important indicator. XRP’s rise to $15 will be compatible with the Wave 5 impulsive movement. This could mean an increase of over 300% in the price of XRP.
Fibonacci Analysis and Market Risks
However, some analysis shows that XRP could drop as low as $1. CoinGape, Bitcoin $95,058.7He states that ‘s poor performance, low network activity and selling pressure from large investors may have negative effects on XRP. Additionally, the analyst stated that if any target is realized between Fibonacci levels 1.414 and 1.618, the price of XRP could reach a peak between $13 and $27.
As a result, XRP’s price movements pose significant opportunities and risks for investors. Keeping track of market dynamics can help predict future price movements more accurately.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
