XRP could witness a historic surge as market analyst EGRAG forecasts a potential 9.468% price explosion amid a “green megapump.”
Using recent X analysis, the market analyst based his forecast on XRP’s historical price movements, which have shown huge gains in previous market cycles.
EGRAG explained that XRP’s cycle bottom is currently set at $0.28, and from this level the token could rise to various target prices, each based on its past performance and the current state of the market.
Possible XRP price scenarios
In its analysis, EGRAG presented five potential scenarios for XRP’s price trajectory. He breaks down each scenario using color codes, starting with a more conservative forecast that XRP could surge 932%, taking the price to $3. This price is slightly below the all-time high of $3.31.
EGRAG’s next target, marked with a yellow marker, suggests a 1563% increase in price, which will push XRP to $4.85. This represents the first price target that will take XRP above its current all-time high.
As opportunities grow, EGRAG proposes a more aggressive scenario in which XRP could rise by 2035%. This scene, marked in red by the analyst, will cause the price of XRP to rise to $6.22.
Going further, he predicts a potential pump of 2536%, which could take XRP to $7.68. Interestingly, in July, a market analyst claimed that XRP has the potential to reach the $7 region if it can break through the trend line, which he calls the “real wake-up line.”
However, the most optimistic scenario in the latest EGRAG analysis, shown in green, projects growth of 9.468%. In this scenario, XRP could reach the incredible price of $27.
EGRAG assumes that its forecasts use only half the wick measurement of previous market cycles to avoid the influence of bias caused by candlestick formation. This approach provides a more realistic forecast.
XRP Sees Renewed Interest
The market analyst further recalled a previous move where he sold some of his XRP holdings when the price reached $1.85, expecting a new high. However, when XRP failed to break above $1.96, he repurchased it at $1.
This experience taught him a lesson about timing and market volatility. This time, he plans to take a more measured approach, selling small portions of his XRP at each key target rather than waiting for one final peak.
Meanwhile, interest in XRP appears to be renewed. Yesterday’s report from The Crypto Basic highlighted transaction volume in the last month amounted to 50 billion XRP tokens worth $29 billion.
Besides, data from CryptoQuant shows a noticeable resurgence in active XRP accounts. After falling below 10,000 on September 17, the number of active accounts quickly recovered to 10,694 the next day.
XRP is currently trading at $0.5835, up 1.25% in the last 24 hours as it fails to benefit from the latest market rally.
