Could XRP’s Market Capitalization Reach $1.5 Trillion? Analyst Explains the Calculation Behind It

Crypto analyst Egrag Crypto has made a bold prediction that the XRP price can hit a $1.5 trillion market cap. He revealed how the altcoin can achieve this milestone by alluding to technical indicators, which show the measured move from this current market cap to a $1.5 trillion market cap.

Path to a $1.5 Trillion Market Cap for XRP

In a recent post, Egrag Crypto discussed the potential for XRP to reach a market cap of $1.5 trillion through a Logarithmic move, indicating it could surpass the Fib 1.618 by about $500 billion. Conversely, the Non-Logarithmic move suggests a market cap of approximately $270 billion, fitting closely with the Fib 1.618.

Further Insights

The crypto analyst mentioned that he recognizes two main growth scenarios by analyzing the previous market cycle, particularly the shift from Fib 1.0 to Fib 1.618. He anticipates a potential increase of 242% to 600%. He outlined four targets for XRP’s price progression from the lowest to the highest. The initial target involves climbing to a $270 billion market cap based on the Non-Logarithmic measured move.

The second target suggests a 242% price increase to a $450 billion market cap, aligning with the previous cycle’s move from Fib 1.0 to Fib 1.618. The third target indicates a potential rally to a $978 billion market cap. Ultimately, the last target, benefiting from the Non-Log W pattern measured move, is aimed at achieving a $1.5 trillion market cap.

Egrag Crypto detailed potential price points for XRP based on its current circulating supply of 58.68 billion. If it meets these market cap targets, the altcoin’s price could reach $4.60, $7.66, and $16.65 for the $270 billion, $450 billion, and $978 billion market caps, respectively. Also, XRP could hit $25.56 upon reaching the $1.5 trillion market cap milestone.

Additional Analysis Supporting These Projections

In another post, Egrag Crypto suggested that XRP’s price could fall between $13 and $22 based on an analysis of the yearly chart for the altcoin. He mentioned that the thirteenth candle might act as a breakout candle, potentially leading to price levels of $13 or $22, with possibilities for even higher peaks.

Further Insights

Analyzing Candle 9, the yearly candle from 2021, which demonstrated an 800% gain, he posited that applying this growth rate to Candle 13 suggests a target price of around $17. This aligns well between the first target at $13 and the second at $22. Furthermore, Egrag Crypto has also indicated that XRP could rise to $27 within 60 days, in accordance with the $1.5 trillion market cap target.

Currently, XRP is trading around $2.28, experiencing a decline over the last 24 hours, according to market statistics.