XRP Expert Predicts XDC Surge of 3,350% as Positive Indicators Appear

XRP analyst Egrag Crypto, known for optimistic forecasts regarding the altcoin, has recently highlighted another cryptocurrency, XDC. The analyst suggests this token could also experience significant growth, with a potential increase of up to 3,350% as favorable metrics emerge.

XDC Predicted to Rise to $2 as Positive Indicators Appear

In a recent post, Egrag Crypto stated that XDC could rally to $1 and subsequently easily rise to $2. He noted that the token’s chart appears “amazing.” The XRP analyst explained that the RGB (Red-Green-Blue) indicators show strong alignment with the XDC token. As a result, he claimed the next move for this altcoin could lead to a tenfold increase.

This forecasted increase in XDC’s price aims for the Fibonacci levels between 1.414 and 1.618, moving between $0.50 and $0.80. The XRP analyst pointed out that this is still lower than the previous cycle’s peak, when the token surged by 3,350%. He anticipates XDC will mirror this explosive performance, potentially reaching the $2 target.

The analyst also referred to the Stochastic Relative Strength Index (SRSI) as an additional positive sign. He noted that the SRSI is displaying bullish signals. While he acknowledged that XDC must sustain RSI levels above 80, he indicated that bullish momentum is clearly building. Accordingly, Egrag Crypto emphasized that significant price movements could soon be on the horizon for this altcoin.

A Bearish Perspective on the Altcoin

The XRP analyst also examined a potential bearish scenario for XDC’s price. He revealed that the 21 Exponential Moving Average (EMA) is nearing a crossover below the 33 Moving Average. If this occurs, he cautioned that it could signal a severe downtrend.

Nevertheless, he suggested that such a crossover is likely to be avoided and that a significant price peak could occur before any major pullback. The analyst urged market participants to stay alert, as a swift rise could arise unexpectedly, leading up to a steep decline.

From a fundamental standpoint, the outlook for XDC remains optimistic. The XDC network recently officially joined the MiCA alliance, marking a significant advancement in aligning blockchain innovation with regulatory clarity in Europe. The team expressed a strong commitment to compliance, transparency, and fostering long-term trust. Similar to Ripple’s use of XRP for international transactions, XDC serves as a layer-1 solution with real-world applications in trade finance, global payments, and tokenization of real-world assets.

As of now, XDC’s price is approximately $0.07, reflecting a gain of over 1% in the past 24 hours, based on current data.