XRP may either hit $6.24 or run to $26, according to an analyst’s prediction
The SEC case may be vital to XRP’s direction in the next bull market
The 50 and 200 EMA showed that the token has a strong bullish potential in the long term
According to Egrag Crypto, a popular Ripple (XRP) holder on X, XRP has the capacity to reach $6.24 around 2024. If XRP hits the price, it would mean that the cryptocurrency has increased by 836% from its high price recorded in the past day.
Egrag, in his post, also mentioned that a whopping 3581% projected increase was on the card for XRP between 2024 and 2025, foreseeing the altcoin’s price reaching $26. As of this writing, XRP’s price was $0.61 as the token was corrected like many others in the market.
XRP to the Moon
For Egrag, his prediction was based on the fact that XRP had formed a bullish flag. A bullish flag is a chart pattern formed by two rallies and separated by a retracement.