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- Crypto analyst EGRAG CRYPTO has revealed that he expects Ripple’s XRP to be 40x in this bullish cycle unless its price is being manipulated.
- One key factor to fuel such a rally is the possible removal of SEC Chair Gary Gensler as promised by President-elect Donald Trump.
Ripple’s native token, XRP, is now in the spotlight as the crypto market prepares for a new bullish cycle. Discussions about XRP’s potential gains intensify among its community, with crypto analyst EGRAG CRYPTO (@egragcrypto) believing XRP could grow 40 times in the next bull run and warns that anything less might suggest the market is being manipulated.
EGRAG CRYPTO’s confidence comes from XRP’s past performance and the current regulatory environment. The analyst highlights XRP’s rise to $1.96 in 2021 and its 20% price increase in the last cycle, even while facing major legal issues from the SEC lawsuit, strengthened trust among XRP supporters, who think the token can reach even higher levels.
With Ripple now enjoying what EGRAG CRYPTO calls “unbeatable regulatory clarity,” the conditions seem right for XRP to potentially surge 40 to 50 times. According to the analyst, starting from a low of $0.28, a 40x increase would raise XRP’s price to $11, while a 50x rise could reach $14, matching other market predictions and showing strong optimism within the XRP community.
XRP’s Potential Growth Based on Historical Data
The XRP positive view gets stronger when comparing XRP to other major cryptocurrencies. EGRAG CRYPTO points out that Ethereum grew 58x in a past cycle, which means XRP might reach about $16 if it follows the same path. Even though Ethereum and XRP operate in different areas, this shows that well-known cryptocurrencies with strong markets and loyal users can grow significantly.
Looking at Bitcoin’s history also provides another reference. In its last cycle, Bitcoin grew 21x, which would mean XRP could reach roughly $5.88 if it grows like Bitcoin. While this is below the 40 times forecast, it’s still a big jump from XRP’s highest price of $3.84, showing good returns based on past data.
EGRAG CRYPTO goes further by suggesting XRP could climb to $27—a 96x increase from the lowest point of the cycle. Although such growth would be rare, factors like the possible removal of SEC Chair Gary Gensler and XRP’s use for sending money across borders make these high goals seem possible. Ripple’s ongoing efforts to make XRP more useful and widely adopted are key to these predictions.
XRP Market Performance Shows Positive Trends
Recent market fluctuations give even more reason to believe in XRP’s surge. On Monday, the price of XRP surged 8%, bringing its total gains for the week to 23%. At the time of writing, the token is trading at $0.6160, marking a 6.70% gain in the last 24 hours, according to our data.
CryptoQuant reported Binance exchange reserve has been on an uptrend since November 6 from 3.105 billion XRP to 3.177 billion XRP, a similar trend has been seen in the case of the XRP reserve on Upbit, where the numbers surged from 6.611 billion to 6.634 billion XRP.
Interestingly, while a surge in exchange reserves is typically an indication of a pending price drop, XRP has been doing the opposite and defying that trend by rising in price with its exchange reserves.
