Tanınmış Analist, Bir Sonraki XRP Boğa Koşusu İçin 80 Dolarlık Fiyat Hedefini Tahmin Ediyor

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Egrag gives a target for the next XRP bull run.

Egrag Crypto has followed up on his prediction of the next XRP bull run with a prediction of the price target of the said bull run.

Bugün bir tweet'te, the prominent analyst asserted that the asset could soar as high as $80. However, in the short term, Egrag sees the asset clinching the $0.60 price point before plummeting to $0.22.

Recall that Egrag tahmin that the next bull run for the asset would kick off on July 1. He based the analysis on the fact that the last bear cycle from the highs ran for 27 months before starting a new bull cycle. The analyst has pointed out that we are in the 21st month of the current bear cycle.

Extending on this analysis, Egrag says that if the market follows the same rhythm as it did in the past, XRP will clinch the $80 price point. By counting the number of candles on the monthly chart shared by Egrag, it places the $80 prediction for May 2024. 

#XRP Mum 21 & 80$ Hedefi (GÜNCELLEME)

Tezim veya mum sayımı, şu anki fiyat hareketiyle kafiyeliyse #XRP & eğer tarihsel fiyat hareketi tekrar kafiyeliyse o zaman #XRP hedef aşağıdaki gibidir:

* 0.60c
* 0.22c
* $ 1.2
* $ 3.0
* $ 13
* $ 60
* $ 80

Bu gönderideki hiçbir şey finansal bir tavsiye değildir. pic.twitter.com/LwQZdecfwM

— EGAG KRİPTO (@egragcrypto) Ocak 10, 2023

Such a price move represents a %22,902 upside potential for XRP. The asset is exchanging hands for $0.3493 at press time, down 0.76% in the last 24 hours, as it faces resistance at the $0.35 price point.

It bears mentioning XRP has started the year positively in terms of institutional inflows, bucking the overall crypto market trend. As rapor yesterday, XRP saw $3 million in inflows in the first week, while other major crypto assets like Bitcoin and Ethereum saw millions in outflows.

The asset which Santiment dağılmış as its crypto pick of the month has also seen an over 38% dalgalanma in trading volume today, indicating increased investor interest.

The ruling in the US Securities and Exchange Commission case against Ripple will likely play a pivotal role in XRP’s price trajectory. Coinshares tapped the increasing clarity in the case as the reason for increased institutional interest.

Today Attorney James K. Filan shared the responses to omnibus motions filed by both parties yesterday as the case nears its end. Per the latest güncellemeyi planlama, both parties will file Daubert motions to exclude expert testimony on January 13.

Filan predicts a ruling will come in Q1 2023.

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