XRP has been a popular crypto in recent months, with many traders eagerly waiting for it to experience a significant increase in value. It has become one of the most traded cryptocurrencies this year, surpassing even Solana and Litecoin. However, according to one expert, XRP holders may need to exercise patience for a few more years before seeing a new all-time high.
Expert Predicts XRP May Not Reach New ATH For 5 Years
A crypto analyst known as ERGAG on social media suggests that based on XRP’s historical data, it could take up to five years for the digital asset to reach a new all-time high. The analyst believes that a financial crisis greater than the 2008 crisis is on the horizon, and XRP is well-positioned to reshape the financial landscape. However, this transformation may take some time.
#xrp be patient
I am looking at the daily here for #xrp. I do think if we see the yellow line (20EMA) get above the green line (200EMA) that we’ll see at least $1.31 for #xrp without losing the low from which it came.
Can you be patient? pic.twitter.com/gRuYyWu9Kw
— CoinsKid (@Coins_Kid) September 21, 2023
By analyzing past peaks of XRP, ERGAG demonstrates that the duration between these peaks has increased over time. The duration of the previous cycle before the next all-time high has been approximately 3.16 times longer. Applying this factor to the current cycle suggests that the next all-time high for XRP may occur in July 2028, which is 2630 days from the peak of 2014.
Closer Look Of XRP’s Future
While it may take several years for XRP to reach a new all-time high, there is still a possibility of a price rally before then. ERGAG initially predicted a bullish run for XRP between late 2023 and the second half of 2024. Another crypto analyst named CoinsKid also made a similar prediction on social media, forecasting an XRP price of $1.31, which would represent a 157% increase.
#xrp be patient
I am looking at the daily here for #xrp. I do think if we see the yellow line (20EMA) get above the green line (200EMA) that we’ll see at least $1.31 for #xrp without losing the low from which it came.
Can you be patient? pic.twitter.com/gRuYyWu9Kw
— CoinsKid (@Coins_Kid) September 21, 2023
Currently, XRP is trading at $0.5097 and has not experienced significant bullish price movement recently, with a 0.32% decrease in the past month.
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