- XRP holds strong above $2 as bullish sentiment strengthens across the crypto market.
- Analyst Egrag Crypto predicts a major breakout, targeting $9.5, $17, and $27 for XRP.
- Anticipated XRP ETF launch seen as a key catalyst for future price surge.
The price of XRP continues to hold firm above the $2 mark, a crucial support level that bulls are closely watching. With the shift in the broader cryptocurrency market towards optimism, it seems that the selling pressure has eased, and XRP’s price has been pointing towards positivity.
Crypto analysts are getting increasingly bullish on the altcoin’s potential for growth, with many of them predicting that it would reach double digit numbers by this continuing bull cycle.
Egrag Crypto Stays Bullish on XRP’s Future
Crypto analyst Egrag Crypto is one of the most vocal proponents of XRP’s bull case. Egrag is well known for well forecasting the epic rally that Ripple has enjoyed this season. The recent rally has also cooled and Ripple is fighting to maintain the support, but Egrag continues to bet on the future price surge which could take the price into double digit.
Egrag recently posted on X (former Twitter) highlighting his bullish stance on Ripple, which he believes is just on track for more upswing. This, he called the ‘blue ocean’, or the moment that in which Ripple is rapidly taken over by the market. This demand is growing and, according to Egrag, Ripple could eventually find itself in a position to rapidly recover in the coming near future.
XRP has quite the positive sentiment going for it, as Egrag Crypto predicts a major breakout in the near future. According to him, very soon we would be seeing a “Mega Green Candle” which would push Ripple’s price higher, possibly into the double digits. The altcoin is set to achieve three prices, with its first being $9.50, second $17 and the last $27, which he has been pegging for over a year.
XRP Support Holds, Eyes on ETF Launch
XRP is still moving above its $2 support level, meaning that it could take quite a while before reaching Egrag’s optimistic targets. Yet, there does exist one aspect that could boost XRP’s price upwards the possibility of Ripple launching exchange traded funds (ETFs), which the community has been eagerly awaiting.
However, according to the ETF expert at Bloomberg, James Seyffart rumors had circulated that ProShares would launch its Ripple ETFs on April 30, but nothing has yet been decided on the timeline. Even so, the Ripple ETFs are expected to be launched in the near to medium term as many are convinced that this might act as a strong trailing factor that push the price of Ripple higher.
For Ripple, all eyes will continue to focus on the token as it navigates its way forward in the rapidly evolving world of cryptocurrencies. As bullish sentiment skyrockets and keeping momentum alive, bullish things are coming where the bull may sweat it right up to the month when Ripple is about to cross analyst predictions.
