Crypto expert EGRAG has made one such bullish prediction, suggesting a significant bull run is on the horizon.
XRP has endured a slight dip in value over the past few days as the wider cryptocurrency market trades sideways.
XRP’s price action this year has left many enthusiasts frustrated, particularly as it has failed to reach the $1 mark that many analysts had predicted.
However, according to EGRAG, that’s all about the change.
EGRAG, who is known for his bullish XRP outlook, recently noted in his analysis that XRP’s current price action is mimicking that of 2021.
In his analysis, EGRAG separated the price outlook into two sections, blue and yellow, each depicting a mirror image of 2021’s price action.
The blue section is the more conservative trajectory, suggesting that XRP could hit $1.40 by June or July, with a range of $1.20 to $1.80.
The yellow section, meanwhile, is the more bullish trajectory. According to the analyst, XRP could hit a price of $4 by June or July if it follows the yellow portion of the 2021 move.
His long-term price prediction for XRP is $27, a level he believes is still possible. At the time of writing, XRP is trading at $0.5148, down 16.8% over the past 30 days.
