Crypto analyst Egrag Crypto has forecasted that XRP’s price could surge to $95, drawing parallels to Netflix’s stock movements.
Key Points:
– Analyst predicts XRP will reach $95, based on its price pattern resembling Netflix (NFLX) stock.
– He advises the XRP community to focus on long-term holding rather than short-term factors like Ripple’s SEC appeal.
Egrag Crypto, a popular analyst, recently predicted in a post that XRP could hit $95, sparking interest due to XRP’s current price. He bases this forecast on the price trajectory of Netflix (NFLX), which experienced substantial growth over time. By tracking the XRP chart with Netflix’s historical price rise from 2002 to 2004, he sees a similar setup for XRP, hinting at a potential parabolic increase similar to NFLX’s 2008-2011 rally.
The analyst emphasized patience, arguing that many in the crypto space focus on short-term gains, which isn’t a viable long-term strategy. Instead, he views a “buy and hold” approach as the path to benefiting from XRP’s possible exponential growth, much like long-term NFLX holders benefited.
Ignore External Factors, Says Analyst:
Egrag urged XRP holders to stay calm and avoid stressing over regulatory issues, price fluctuations, or the political landscape, stating these factors won’t hinder XRP’s role in financial evolution. XRP’s ongoing legal case with the SEC has weighed heavily on the community, with the appeal potentially extending until 2026. However, some market analyses suggest XRP could reach $100 within the next one to five years.
Currently, XRP is trading around $0.51, down over 1% in the past 24 hours, with a trading volume spike of nearly 20%, totaling $1.14 billion.
