The current discussion about the price of XRP is gaining strength, with various analysts projecting optimistic scenarios even though the cryptocurrency is currently struggling to launch significant price increases. Analyst EGRAG has made a surprising prediction indicating the potential spike in XRP value. According to EGRAG's analysis shared on social media, there is a possibility that XRP could eventually reach the US $4 price point in the long run.

XRP Price Outlook

NewsBTC reported that XRP has seen a moderate decrease in value following an overall market consolidation period. This year's performance has not met the expectations of many investors, especially as it has not reached the US $1 threshold predicted by many market experts earlier. According to the latest data from Coinmarketcap, XRP is currently trading around US $0.51, after dropping to as low as US $0.435 on April 13.

However, EGRAG remains optimistic, suggesting that a significant change in XRP price may occur soon. This prediction comes amid disappointment among XRP enthusiasts who have long awaited a strong price surge.

EGRAG's Analysis

EGRAG's enthusiasm is not baseless, as he draws parallels between the current market activity and 2021, the year when XRP experienced substantial increases, reaching its peak at US $1.8. In his analysis, EGRAG divides the price trajectory into two color-coded parts, blue and yellow.

The blue section predicts a more conservative price increase, with XRP potentially reaching US $1.4 by mid-year, fluctuating between US $1.2 and US $1.8. On the other hand, the yellow part represents a more aggressive price estimate, suggesting that following the trend from 2021 could drive XRP to surge to US $4, a figure that would set a new all-time high for the cryptocurrency.

If XRP succeeds in hitting this historical milestone, it would represent a significant development in the market position, potentially attracting a broader investor base. A spike to US $4 per XRP would not only mark a historic peak but also validate the forecasts of many analysts who continue to maintain a bullish stance on this digital currency.

Among these optimistic experts is EGRAG himself, who sticks to his long-term price target of US $27 for XRP. While this target may seem distant, especially considering the current trading price around US $0.5148—down 16.8 percent over the past month—it underscores the potential seen by some analysts in this asset.

Reaching US $4 by July would require an impressive rally of around 677 percent in just a few months. While the inherent volatility of cryptocurrencies makes such a drastic increase possible, current market conditions suggest that a more conservative price increase is more likely in the short term.