CandleFocus Analyst Says Anything Less Than 40x for XRP This Cycle Is Manipulation, Reveals XRP Price Targets
2024-11-15
Author: Content Editor
Market analyst EGRAG believes that XRP, the cryptocurrency associated with Ripple, could experience a significant price increase in its current cycle. He attributes XRP's previous underperformance to legal actions against Ripple by the SEC, which led to sell-offs and delistings. However, with a recent court ruling declaring that XRP is not a security, regulatory clarity has improved for the cryptocurrency. EGRAG suggests that anything less than a 40x increase for XRP could indicate market manipulation, with a potential price target of $11. He also explores other price expectations based on the growth rates of Ethereum and Bitcoin, suggesting that XRP could reach $16 or $5.88, respectively. While EGRAG speculates on even higher gains, these projections are possibilities rather than guarantees. Currently, XRP has gained 19% in the past 24 hours, outperforming the market.
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