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- Crypto analyst EGRAG predicts a significant rally for XRP, targeting $2.
- Using the Valhalla metaphor, EGRAG suggests XRP could rally 237% soon.
- The analyst sees the asset mirroring its previous explosive trajectory that broke an all-time high in a year.
EGRAG, a prominent crypto analyst, contends that XRP is poised for a significant rally, potentially surging by 237% as the anticipated altcoin market season rapidly takes shape.
In a recent post on X, EGRAG proclaimed that the “Gateway to Valhalla” for XRP is opening soon. Notably, Valhalla refers to a place in Norse mythology where fallen warriors go after death.
In this context, the analyst used this metaphorical expression to represent a place of great reward for XRP holders. In particular, he predicted XRP reaching as high as $2 soon should his anticipated gateway open.
#XRP: The Gateway to Valhalla at $2 will open soon:By leveraging the historical patterns of previous percentage moves, we can anticipate significant moves in the near future. Previously, #XRP surged through the gate at 0.025c, marking a crucial milestone.Now, $2 stands as the… pic.twitter.com/15PX5YIj03— EGRAG CRYPTO (@egragcrypto) March 1, 2024
Furthermore, EGRAG highlighted that XRP could re-engineer the explosive trajectory it orchestrated in the past that saw it to an all-time high.
For instance, historical data from CoinMarketCap shows that XRP traded at around $0.02 in 2017. By January 2018, the asset had reached an all-time high of $3.84. This trajectory amounts to an explosive 19,000% gain in under a year.
XRP historical chart | CoinMarketCap
Considering this XRP’s history, EGRAG argued that $2 is the next gateway to Valhalla. Notably, XRP trades at $0.5932 at the time of reporting. The asset reaching a value of $2, as the analyst projects, implies an impending 237% rally. Besides, EGRAG emphasized that this price point can be expected soon this year.
Meanwhile, the graph accompanying the tweet suggests the analyst foresees XRP reaching far loftier heights in the coming years. He believes XRP attaining $2 set the foundation for another 1,429% rally to $27 by 2026. His highest target for XRP is currently $236, with a date in 2028.
The post XRP Set for 237% Surge to Reclaim $2 High: “Gateway to Valhalla” appeared first on Coin Edition.