Crypto analyst Egrag Crypto has presented two potential scenarios for XRP’s market capitalization growth, projecting significant price increases based on historical market trends and technical analysis.
His latest market outlook suggests that XRP could reach a market cap between $300 billion and $4 trillion, with price targets ranging from $5 to $70 depending on the scenario.
#XRP – Market Cap ( First $300B – $1.1 T):
📊Scenario 1:
🔵If we look at the channel's measured move, #XRP 's market cap could potentially rise to a staggering $4 trillion! 📈 While this is possible, predicting the timing of such a move is tricky. If this happens, #XRP 's price… pic.twitter.com/VfRzRbOKV4— EGRAG CRYPTO (@egragcrypto) February 1, 2025
Scenario 1: XRP Market Cap Reaching $4 Trillion
In the first scenario, Egrag Crypto highlights the possibility of XRP’s market cap climbing to approximately $4 trillion. This projection is based on technical analysis, particularly the measured move of the current price channel and the Elliott Wave Theory.
If this scenario materializes, XRP’s price could reach around $70. However, he acknowledges that predicting the exact timing of such a move remains uncertain.
A more immediate and achievable milestone, according to Egrag Crypto, is an increase in XRP’s market cap to $300 billion. This would place XRP’s price between $5 and $6, a target that aligns with previous market cycles.
He also points to XRP’s performance in the 2017 bull run, suggesting that the first stage of this potential rally could push XRP’s market cap to $1.1 trillion, translating to a price of approximately $20. He characterizes this as a “very plausible and doable” outcome based on historical patterns.
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Scenario 2: Market Waves and a $1 Trillion Market Cap Target
In the second scenario, Egrag Crypto applies Elliott Wave Theory to suggest that XRP could reach a market cap of $500 billion during wave 3 of its price movement. This phase would push XRP to prices between $17 and $20. Following this move, he anticipates a correction in wave 4, which could bring XRP’s market cap down to around $200 billion before entering a final surge.
The final stage of this scenario, labeled as a “blow-off top,” could see XRP’s market cap reaching $1 trillion, aligning with the Fibonacci 1.618 extension level. This would indicate a strong upward movement before a subsequent market correction. He emphasizes that markets do not move in straight lines but progress in structured waves.
Egrag Crypto’s analysis suggests that significant price movements could be ahead for XRP , with a range of potential targets depending on market conditions and investor sentiment. While the possibility of a $4 trillion market cap remains a long-term outlook, the more immediate targets of $300 billion to $1.1 trillion provide a structured framework for traders and investors.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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