Technical analyst Egrag Crypto forecasts XRP price could reach $45, based on increased activity on the XRP Ledger. However, Ripple's executives have not commented on this prediction.
Egrag Crypto's Prediction
Egrag Crypto has made a prediction of $45 for XRP based on historical data and the increase in activity on the XRP Ledger. Nevertheless, this prediction lacks official support from Ripple.
Ripple's and Community's Response
The community is divided over the validity of the prediction. Major figures at Ripple, including CEO Brad Garlinghouse, have not publicly commented on this forecast. While some support Egrag Crypto's analysis, others remain skeptical, pointing out the lack of direct evidence.
Speculations and Potential Impacts
Despite the bold prediction, the effects on XRP's value remain speculative. Users are encouraged to rely on official Ripple channels and broader market trends for guidance. Potential implications for the cryptocurrency market could unfold if Ripple’s technologies attract institutional support.
Overall, Egrag Crypto's price prediction for XRP evokes mixed emotions in the community, remaining a topic of discussion among analysts and investors.
