XRP Crashes or Soars: Analyst Warns of Imminent Drop to $0.15
Crypto analyst Egrag Crypto has issued a warning about an impending 'crash' for XRP, predicting that it could fall as low as $0.15 in the coming months.
However, this bearish forecast is accompanied by a longer-term roadmap that sees XRP reaching $30, requiring a significant price increase of over 2,600% from its current level.
The analyst's chart shows two distinct paths for XRP: one leading to a potential crash and another towards the $30 target. To reach this goal, XRP would need to break above $1.65, which is near its 33-month moving average.
Despite Egrag's warning, other analysts are more bullish on XRP's prospects. EasyA co-founder Dom Kwok recently predicted that XRP could reach $1,000, while CryptoBull has forecast a price of $27 by the end of October.