Crypto market analyst EGRAG Crypto has publicly stated his views on the future price of XRP, disputing the notion that the token has peaked at $3.40.
Analyst's Opinion on XRP Price
EGRAG Crypto believes XRP has significant room for growth, with price projections ranging between $10 and $27. This statement follows a discussion with a blockchain professor who thinks XRP has already reached its cycle peak. EGRAG emphasizes the influence of investor sentiment and psychological factors on the cryptocurrency market.
Impact of Tokenization on the Market
EGRAG points to tokenization as a crucial factor driving value growth for key assets like XRP. He cites the equity market valued at over $100 trillion, as well as the global derivatives market exceeding $600 trillion. Incorporating tokenization can enhance liquidity, efficiency, and transparency.
Optimistic Forecast by EGRAG Crypto
The analyst believes that any potential downturn for XRP would more likely occur from a higher price point. For instance, if the price reaches $24 or $27, an 85% drop would still keep the token in the $3-$4 range. EGRAG suggests that real-world use cases and the emotional dynamics of market participants will continue to drive prices upward.
EGRAG Crypto remains optimistic regarding the future of XRP, asserting that the token has yet to reach its full potential in the current market cycle.
