Analyst predicts 800% growth of XRP token in just 2 weeks

Egragcrypto, a well-known crypto analyst on the X platform, said that Ripple’s native token XRP is on the verge of a grand rally. According to the expert, XRP will soar from current levels to $ 5.50 in just 14 days.

Egragcrypto’s prediction was in addition to his previous statement made in May. At that time, XRP was trading at $ 0.4639, and the analyst gave three price targets: $ 0.85 to $ 1, $ 5.5, and $ 6.1 in the coming months.

A few weeks after that, important events took place in the Ripple ecosystem, and XRP became the only asset that received a clear status from regulators in the United States. As a result, the token began to rise in price, updating its annual high at $ 0.93 and fulfilling the first goal of Egragcrypto.

A rise to $ 5.5 would mean an 800 percent gain in the XRP price compared to the current level by the end of the year. However, fundamental indicators indicate that the forecast is unlikely to come true. However, the analyst also clarified that the forecast is not aimed at the next two weeks: according to him, «the rally will be completed in just two weeks.»

At the time of writing, XRP is trading at $ 0.60, down 1.7% on the day and 2.6% on the week. Over the past 24 hours, the market capitalization of the entire cryptocurrency market has fallen by 1.1% to $ 1.63 trillion.