XRP Price Could Hit $95, Analyst Predicts
Crypto analyst Egrag Crypto predicts that XRP could reach $95, citing similarities between XRP’s price movements and Netflix’s stock (NFLX). He explained that XRP might follow a similar growth pattern as NFLX, which experienced exponential growth between 2002 and 2004 and surged significantly from 2008 to 2011.
Key Points:
- Egrag Crypto’s prediction is based on historical price similarities between XRP and NFLX.
- He advises XRP holders to focus on long-term gains and avoid worrying about day-to-day price swings or external factors like the Ripple SEC appeal.
- The analyst believes that buying and holding XRP is a winning long-term strategy, expecting the coin to undergo exponential growth similar to Netflix’s rise.
- While XRP is currently trading at $0.51, a CoinGape market analysis suggests that the price could hit $100 within the next 1 to 5 years.
XRP’s price growth may be influenced by various factors, but the long-term outlook appears optimistic according to Egrag Crypto’s analysis.
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