Key Highlights:
- Crypto analyst Egrag Crypto predicts XRP could reach $320 by 2026, with potential highs of $800.
- XRP is showing strong momentum against Bitcoin, indicating a bullish trend.
- Analysts suggest XRP’s correction phase is nearing completion, setting the stage for a significant rally.
Bullish Prediction for XRP
Crypto analyst Egrag Crypto has reaffirmed that XRP has the potential to reach an astounding $320 within the next couple of years. In a recent post on X (formerly Twitter), the analyst presented a chart indicating that XRP could achieve this price target anytime between now and 2026. Moreover, he suggested that XRP might even surpass expectations and climb as high as $800.
Egrag Crypto remains confident in his forecast, stating that in the coming years, investors will regret not buying more at lower prices. His analysis comes amid a broader crypto market downturn, which has seen major cryptocurrencies like Bitcoin, Ethereum, and Solana experience significant price corrections.
XRP’s Strength Against Bitcoin
Another major insight from Egrag Crypto highlights XRP’s growing strength compared to Bitcoin. He emphasized that the current market formation signals a strong bullish trend for XRP.
According to his analysis, Fibonacci retracement levels indicate key price targets to monitor:
- Fib 1.272 at $0.000072
- Fib 1.414 at $0.000095
- Fib 1.618 at $0.00014
- Fib 1.888 at $0.00023
These targets, he insists, are not mere speculation but rather align with historical data and broader market trends.
XRP Correction Nearing Completion
Crypto analyst Dark Defender has also weighed in, suggesting that XRP’s price correction is nearing its final stages. He pointed to XRP’s Relative Strength Index (RSI) approaching oversold levels, indicating a potential reversal.
His forecast outlines a bullish breakout scenario where XRP could first rally to $3, followed by further gains toward $5 to $8 in subsequent impulse waves. Key levels to monitor include:
- Support levels: $1.88 and $1.91
- Resistance levels: $2.44, $2.99, and $5.85
Similarly, analyst CasiTrades confirmed that XRP’s correction is nearly over. She noted that the cryptocurrency is in the final phase of its corrective wave, with signs of bullish divergence emerging. Additionally, selling pressure has significantly weakened compared to previous weeks, further signaling a potential price reversal.
Conclusion
Despite the recent market downturn, analysts remain highly optimistic about XRP’s future trajectory. With strong technical indicators and growing strength against Bitcoin, XRP could be on the verge of a major breakout. If these predictions hold true, XRP holders may witness substantial gains in the coming years.
