Egrag Crypto has followed up on his prediction of the next XRP bull run with a prediction of the price target of the said bull run.

In a tweet today, the prominent analyst asserted that the asset could soar as high as $80. However, in the short term, Egrag sees the asset clinching the $0.60 price point before plummeting to $0.22.

Recall that Egrag predicted that the next bull run for the asset would kick off on July 1. He based the analysis on the fact that the last bear cycle from the highs ran for 27 months before starting a new bull cycle. The analyst has pointed out that we are in the 21st month of the current bear cycle.

Extending on this analysis, Egrag says that if the market follows the same rhythm as it did in the past, XRP will clinch the $80 price point. By counting the number of candles on the monthly chart shared by Egrag, it places the $80 prediction for May 2024.