Crypto analyst Crypto Egrag has shared another bullish prediction about the XRP price as he says that the crypto token could soon rise to three figures. As part of his prediction, the analyst also listed several key price levels that XRP could attain on its way to hitting $220. 

XRP Price Could Rise To $220 This Year

Crypto Egrag highlighted the $220 price level as one of the figures that the XRP price could hit based on his analysis of the Fibonacci levels. Interestingly, the accompanying chart that he shared showed that this price level could be attained this year.

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Based on his analysis, XRP would hit “crucial figures” like the $1.2, $2.2, $5.8, $11, and $33 price levels on its way to $220.

Source: X

The analyst made sure to note that this price movement will no doubt be parabolic as he stated that it will be a GRB (Gamma-Ray Burst) event. He also alluded to the fact that such a move could end up mirroring a similar move to the one the XRP price made in 2017 when it surged by 61,000%. 

Meanwhile, Egrag provided insights into when the XRP bull run could start, as he highlighted the 12 and 24 SMA (simple moving average) as a “clear signal.” Once a bullish cross occurs over them, then the bull run could happen almost one month later, according to the crypto analyst. 

XRP price at $0.56 | Source: XRPUSD On Tradingview.com
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Author: Scott Matherson

				

					
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