And this recent prediction from Egrag, a cryptocurrency analytics firm, is suggesting that the price of XRP could reach $10 or $27 by the end of 2025.
According to Egrag’s analysis, if XRP takes the “Blue Ascending Triangle” order, it could rise to $10 in the next two years. Meanwhile, if the coin takes on the “White Symmetrical Triangle” order, its move could result in a price as high as $27 by 2025.
The cryptocurrency analytical firm indicated that the condition that would confirm XRP’s breakout in either Ascending or Symmetrical order is the asset closing above the 20-day moving average on the monthly time frame. Egrag indicated that, if XRP can register multiple closes above the moving average, this would confirm the breakout of the asset.
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