How XRP Will Reach $27
Crypto analyst Egrag Crypto has once again reiterated his prediction that XRP will hit $27 soon. This time, he provided an analysis of how that will happen using XRP’s moving average as a point of reference.
Past Percentage Moves
Egrag suggested in a post that XRP could rise to $27 while analyzing the 21 Exponential Moving Average (EMA) on the monthly time frame. The analyst assessed price percentages that occur when XRP’s price is positioned either above or on the 21 EMA. Using this, he then predicted that the altcoin hitting $27 was on the cards.
From the accompanying chart that the crypto analyst shared, one could see that he was simply hinting at XRP replicating past percentage moves. Back in 2017, XRP had risen by over 4500%. In 2018, it rose by another 1000% and saw a 500% increase in 2021 after years of consolidation.
XRP to $1.4 Before Then
In the meantime, Egrag predicts that XRP could rise to $1.4 between March and April. According to him, once that happens, it will pave the way for “swift progression to $5 and beyond.”
Meanwhile, the crypto analyst is also aware of the fact that XRP investors are growing anxious about the crypto token’s stagnant price action despite ultra-bullish predictions. He warned these individuals against letting their emotions get in the way as the outcome of these emotions is “suboptimal” for effective trading or investing in the crypto space.
To be successful in such a volatile market, Egrag claims that a strategic and disciplined approach is required. In the process, one is able to build mental fortitude. This is also critical as trading in the crypto space is “indeed a mental game, demanding robust, sharp, and resilient metal skills to navigate the dynamic and unpredictable nature of these markets.”
Hot Take: XRP’s Potential Rise to $27
Crypto analyst Egrag Crypto has once again predicted that XRP will reach $27 soon. His analysis of XRP’s moving average suggests that this price target is plausible. Looking at past percentage moves, Egrag believes that XRP has the potential to replicate its previous surges. While some investors may be growing anxious about XRP’s stagnant price action, Egrag warns against letting emotions dictate trading decisions. He emphasizes the importance of a strategic and disciplined approach in navigating the volatile crypto market. With XRP currently trading around $0.52, reaching $27 would represent a significant increase in value for the altcoin.
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