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- 🍁 Golden Autumn, Big Prizes Await!
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Can XRP appreciate by 100x? — Optimistic predictions based on historical cycles
The [XRP] surged over 20% on Thursday, reaching $0.9, as part of an impressive 62% increase last week. The 24-hour trading volume also grew significantly, with a 102% increase to $13 billion, highlighting growing market optimism regarding the seventh largest cryptocurrency by market capitalization.
Even with this recent rise, XRP still remains within a consolidation triangle pattern that has been forming for several years. However, a detailed analysis by analyst "Egrag Crypto" suggests that this consolidation phase may just be the calm before an unprecedented appreciation.
Forecasts Based on Historical Cycles
The analysis published by the specialist compared two distinct periods: Cycle 1 (2013-2018) and Cycle 2 (2023-2030). What makes this study particularly interesting is the price correlation identified between these cycles. The breakout point of the previous cycle was US$ 0.0093, which later led to a high of US$ 0.93 in July 2023 – representing an exact increase of 100 times.
Based on this historical pattern, the analyst projects a potential price target of $33 by 2030. In his analysis, he highlighted: "Looking at the chart, this breakout aligns with a 100X increase, reaching the July 2023 high of $0.93 – a perfect 100X factor. So, the Next Price Target is $33 by 2030."
The study also compared the performances of previous cycles of other major cryptocurrencies: