XRP analysis by Sistine Research showed that the price of this cryptocurrency could reach $33-$50. The price could be even higher if the model predicts «cup and handle». With such an analysis, the XRP price shows a potential growth of up to $77-$100. The coin is currently trading at $2.
In their more modest forecast, analysts referred to the 2017 symmetrical triangle model, which predicted a 2600% increase in XRP at the time. During the bull market of 2017-2018, XRP jumped to an all-time high of $3.84 in just a few months.
This coincides with EGRAG CRYPTO’s April 10 forecast, which showed a potential rise to $32.36. This means a whopping 1518% increase, which will push the price to a level far above the historical high.
On the other hand, skeptics question the following figures in their responses. First, Ripple controls 42% of XRP. Secondly, there is a potential drop amid Ripple’s unlocking of 1 billion XRP coins worth about $2.1 billion, which is expected on May 1.
At the same time, Ripple is constantly strengthening its ties with Trump, recently won in a five-year legal battle with the SEC and counts on inclusion of XRP in the US national crypto reserve.
Source: Sistine Research, EGRAG CRYPTO
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