TL;DR
- Analyst EGRAG CRYPTO suggests that XRP could drop to $0.10 if it falls below the key $0.38 Fibonacci mark, but believes an 80% collapse would need a Black Swan event to occur.
- Despite exploring pessimistic scenarios, EGRAG CRYPTO remains generally bullish on XRP and doesn’t plan to sell until reaching higher price targets.
- The analyst has previously predicted significant price rises for XRP, including potential valuations of $1.12, $1.40, and even $27, although the latter would require a major market cap surge.
Is There a Chance for an 80% Collapse?
While some cryptocurrency analysts have recently envisioned a bright future for Ripple’s native token and its potential price increase towards a new all-time high, the X (Twitter) user EGRAG CRYPTO assumed another pessimistic possibility.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased